Market Report, 2-8-2014

The Federal State market news reported shipments of 740,000 for the week ending 01/25/14 and 727,000 for the week ending 02/01/14 and reported the market as: DEMAND BALED AND CARTON 80-100s GOOD, OTHERS MODERATE. MARKET U.S. TWO SLIGHTLY LOWER, OTHERS ABOUT STEADY. Movement curtailed by winter weather conditions.

70 count carton Burbanks are at $17.00, down $1.50, and 10# Poly is at $11.50, stable from last week. The FWA this week is at $13.93, down $0.58 from last week, which translates into an approximate return of $6.46*, down $0.45 from last week on a Russet Burbank crop that splits 60% one’s 50% Size?

For other area GRIs and additional split scenarios please refer to the email market report you’ll receive Tuesday or go to unitedpotato.com. If you fail to receive the report or United doesn’t have your email address, call the office at 208-535-8500. Thank you for your support.

*Note: We have been reporting the GRI based off of the North American Potato Market News in the past. We are now reporting based off of the United GRI chart on the website. The main difference between them is the NAPMN GRI does not take Freight and Scooping charges into consideration. The United GRI uses an average Freight and Scooping rate of $0.42 per cwt.