News on Potato Prices from Beijing

In a recent report USDA-FAS forecasts a fresh potato production in China of 94 million tons for marketing year 2021/22. This is a 5% decrease from the estimated 99 million tons in the previous year, a result of decreased acreage.

The United Kingdom has signed a major deal allowing the export of seed potatoes to China. The deal is expected to bring major benefits to Scotland, with around 70% of the 100,000 tonnes of seed potatoes exported annually from the UK coming from Scottish farms.

The Zhengzhou Commodity Exchange (ZCE), one of China's two agricultural commodities exchanges, is considering introducing potato futures trading among a raft of new agricultural contracts set to launch later this year.