Total Canadian Potato Storage Holdings on December 1, 2023 are up 7.4% compared to 2022 and are well above the three average. Demand was reported by most as good but not outstanding in October prior to Canadian Thanksgiving and slower in November post-holiday. Exports to the US have declined for many regions compared to last year mostly due to the oversupply and lower pricing on russets out of the Pacific Northwest. We can also see the impact on storage levels of increased planted acres and a very good harvest in the processing crops in Manitoba and Alberta and the fresh crop in BC; contrasted with a very wet and difficult growing season in Eastern Canada reflected in their stock levels down from 2022.
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December 2023 Holdings Report V2
Total Canadian potato stocks as of December 1, 2023 are up 7.4% compared to 2022 and are well above the average of the last three years. Demand was reported by most to be good but not exceptional in October, before the Canadian Thanksgiving holiday, and slower in November, after the holiday. Exports to the United States declined in many regions compared to last year, primarily due to oversupply and lower prices for russets in the Pacific Northwest. We can also see the impact on storage levels of increased planted areas and a very good harvest in processing crops in Manitoba and Alberta and in fresh crops in British Columbia, contrasting with a season very wet and difficult growing conditions in eastern Canada, which is reflected in lower stock levels compared to 2022.
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