2024 Potato Raw Material Situation
Since October 2023, potato prices have been on the rise, particularly for processing potatoes. This trend has made it challenging for potato flakes manufacturers in China to secure sufficient raw materials, especially with significant price increases for Atlantic potatoes.
By September 2024, however, the prices of both potatoes and processing potatoes saw a considerable decline, leading to a reduction in manufacturers’ quotes, with average prices dropping by approximately $56-$63 per ton (€52-€59).
Potato Flakes Prices in October 2024
Hiện nay, the price for Atlantic vụn khoai tây remains stable at $1,820 – $1,862 per ton (€1,690 – €1,726). In contrast, the prices for regular potato flakes are holding steady at $1,652 – $1,704 per ton (€1,550 – €1,564).
Price Trends for Potato Flakes in 2024
| Period | Standard Atlantic Potato Flakes | Regular Potato Flakes |
|---|---|---|
| January – March | $2,240 per ton (€2,080) | $2,030 per ton (€1,850) |
| April – May | $2,240 – $2,380 per ton (€2,080 – €2,260) | $2,030 – $2,128 per ton (€1,850 – €1,965) |
| June – September | $2,240 per ton (€2,080) | $2,030 per ton (€1,850) |
| October | $1,820 per ton (€1,690) | $1,652 per ton (€1,550) |
Price Trends for Potato Flakes in 2025
Major manufacturers have adequate raw material reserves to ensure continuous production until March-April 2025. Tuy nhiên, starting in May, the price of potato flakes is likely to fluctuate due to anticipated increases in potato procurement prices. Historical data suggests a strong likelihood of price increases, estimated to rise by 10%-15%.
This trend may continue until the end of September 2025, when new potato prices will significantly influence future potato flakes price movements. Due to a bountiful potato harvest in 2024, prices have remained low, but enthusiasm for potato planting in 2025 may wane, potentially leading to continued increases in raw material costs.