CATEGORY

Potatoes

Beroe LiVE.Ai™

AI-powered self-service platform for all your sourcing decision needs across 1,600+ categories llike Potatoes.

Market Data, Sourcing & Supplier Intelligence, and Price & Cost Benchmarking.

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Category Alerts


CATEGORY ALERTS

Heatwave to push up price of potato chips in the UK

July 26, 2022
alert level: Medium
CATEGORY ALERTS

Extreme heat in Europe is seen to significantly impact potato yield and result in surging prices, augmenting the already high input cost inflation

August 30, 2022
alert level: High
CATEGORY ALERTS

Potato prices in the UK have surged 60% over H1 2022 supported by tight availability

September 21, 2022
alert level: Medium

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Potatoes Market Monitoring Dashboard


Price Trend
252.00
Jan-2023
USD/MT
History Forecast
Supply Demand

Understand the correlation between costs, margins, and prices impacting your category on a real time basis on Beroe LiVE.Ai™

Potatoes Industry Benchmarks


Savings Achieved

(in %)

The average annual savings achieved in Potatoes category is 5.30%

Payment Terms

(in days)

The industry average payment terms in Potatoes category for the current quarter is 75.6 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Potatoes Suppliers


    14,428
    Total Suppliers
    531
    Diverse Suppliers
    56
    Normalized Supplier Rating
    Potatoes Supplier

    Find the right-fit potatoes supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CARGILL INCORPORATED
    Location
    Jackson, Mississipi
    Duns number
    3862211

    D&B SER Rating

    dnb logo

    Up to 3 months

    1 9
    5
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile

    Company and Sector Performance
    29

    100
    Weak (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    28
    Governance
    19
    6 Domains Performance (/100)
    Business behaviour
    38
    Human rights
    24
    Community Environment
    26
    Corporate governance
    9
    Human resources
    21
    Security Scorecard
    82

    Threat indicators
    B
    88
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    C
    77
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    C
    74
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    97
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    93
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    95
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked

    Industry Comparison
    cargill.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    23
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    23
    Production Supply Chain Issues
    8
    Environmental Non Compliance Flags
    45
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    25
    Fraud Issues
    5
    Labor Health Safety Flags
    48
    Regulatory Issues
    20
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    47
    Discrimination Workforce Rights Issues
    19
    esg controversies critical severity
    Yes

    Potatoes market report transcript


    Global Market Outlook on Potatoes

    The potato market in Europe is likely to witness higher output in 2020, with yields likely to increase 5.6 percent Y-o-Y for the 2020 crop, while the US is expected to witness tightness, amid a 5 percent Y-o-Y contraction in potato acreage

    • The global potato production is projected to rise 1 percent Y-o-Y in 2020, with demand from downstream processors estimated to remain volatile, due to COVID concerns and lockdown restrictions, impacting restaurant demand
    • Potato growers in the US, reduced acreage by around 8 percent since the last five years, in an attempt to improve market prices, which dipped steeply, owing to surplus production of potatoes
    • Processing potatoes, which account for about 12–15 percent of production, are expected to display the fastest demand growth, particularly the frozen fries sector. Fresh potato consumption is estimated to gradually decline in the long term
    • A rise in demand for starch potatoes can be expected to increase post the removal of the EU sugar quota system, with an expected increase in the production of starch-based sweeteners

    Potatoes – Global Trade Dynamics 

    • The US–China trade conflict will continue to impact potato trade in the coming years, with the US and China competing for alternate markets for exports
    • The recent deal between China and the UK for exports of seed potatoes to Europe indicates China’s attempts to diversify secure and strengthen trade relations, owing to the US–China trade conflict and re-route trade channels for agricultural products to other markets
    • China does not allow imports of fresh potatoes, owing to sanitary and phyto-sanitary concerns
    • India contributes to only about 1 percent of the global exports, in spite of being the second largest producer
    • The Netherlands and Belgium are the leading importers of potatoes globally. More than 65 percent of the imports are consumed by the processing sector
    • Malaysia, Russia, Vietnam, and Pakistan account for about 62–65 percent of China’s exports. The major export destinations of the US potatoes are Canada, Mexico, Japan, and Taiwan

    Processed Vegetables Industry Drivers and Constraints 

    Drivers 

    • Year Around Availability and Convenience: Given factors, like seasonality and perishability, processing make it possible to preserve and consume vegetables throughout the year
    • Trade Liberalization and Foreign Investments: Incentives for import/export of commodities and linking farmers to high income consumers globally help to boost trade and market
    • Reduces Perishability and Wastage: Processing increases shelf life, facilitates transport worldwide, helps to expand export base with reduced spoilage
    • Globalization: Increasing consumer awareness and immigration of varied ethnic groups drive imports and processing of non-locally produced vegetable products that need to be transported and stored efficiently
    • Rise in per Capita Income: Urbanization, changing lifestyle, increasing awareness, focus on health and wellness, higher disposable income, and evolving consumption habits are increasing the demand for minimally processed and convenient to consume vegetables

    Constraints

    • Supply Uncertainty: There is no guarantee of consistent supply of vegetables, which depend on weather and harvest. The producing region’s economic condition could cause price volatility, especially vegetables, imported from the developing countries
    • Capital Intensive: Decrease in conventionally processed vegetables, owing to an increasing preference for minimally processed vegetable products, call for processors to keep up with evolving trends. The switching cost is high and can be afforded only by large players, leaving the small and medium- level processors at a disadvantage
    • Access to Raw Materials: New entrants face challenges in securing raw materials supply at early stages of operations and are prone to high cost fluctuation risks