Potatoes USA: Significant Potato Export Gains
DENVER (November 20, 2019) — U.S. potato exports increased significantly for the first quarter, (July – September), of the July 2019 – June 2020 marketing year. This continues the growth seen at the end of last marketing year and is in despite of the continuing trade issues in Asia. These figures are a reflection of potato and product stocks coming out of last marketing year. Continued growth will depend on the availability of potatoes and products in the U.S. based on the lower than average fall harvest and the size of the rebound in EU production.
Exports of frozen potato products increased 9% in volume and 10% in value to $305,045,624. The volume growth was driven by a 58% increase to the Middle East, 42% increase to the Philippines and 19% increase to Central America. The elimination of the retaliatory tariff on fries entering Mexico resulted in a 7% increase, less of a rebound than anticipated. Exports to Japan were up 2% as product from the EU, New Zealand and Canada now enjoy tariff concessions into this market. U.S. exports to China declined -4% as the U.S. product incurs a 15% retaliatory tariff into that market.
Dehydrated potato exports grew 18% in volume and 22% in value to $59,301,492. This growth was driven by 23% increase to Japan, 13% increase to Canada and 11% to Mexico. Smaller markets in Asia; Korea, Malaysia, Thailand and Vietnam all saw double digit growth as well. The retaliatory tariffs on U.S. dehy entering China led to -31% decline.
Exports of fresh potatoes (table-stock & chip-stock & frozen-stock) increased 17% in volume and 13% in value to $77,689,365. The biggest driver was a 34% increase in exports to the largest fresh market, Canada. Much of this is raw product destined for the frozen processing plants there. Exports to the second largest market, Mexico declined by -13% as high U.S. prices discouraged imports into this price sensitive market. Exports of chip-stock potatoes grew 14% to Japan, 60% to Malaysia, 83% to Thailand and 88% to Vietnam. Exports to Korea dropped -90% as a large domestic crop led to reductions in both table-stock and chip-stock needs.
See the attached export reports for further details. Potatoes USA accepts no liability for the content of these reports, or for the consequences of any actions taken on the basis of any information contained herein.
About Potatoes USA
Potatoes USA is the nation’s potato marketing and research organization. Based in Denver, Colorado, Potatoes USA represents more than 2,500 potato growers and handlers across the country. Potatoes USA was established in 1971 by a group of potato growers to promote the benefits of eating potatoes. Today, as the largest vegetable commodity board, Potatoes USA is proud to be recognized as an innovator in the produce industry and dedicated to positioning potatoes as a nutrition powerhouse.