DCA Market Intelligence has launched the DCA EU-4 Potato Index, a weekly index representing the weighted average price of processing potatoes in the Netherlands, Belgium, Germany, and France, collectively known as the EU-4 and the primary growing regions for processing potatoes within the European Union.
The DCA EU-4 Potato Index is calculated weekly as the weighted average, based on acreage, of the average prices in Germany (Reka), France (RNM), Belgium (Viaverda/Fiwap and Belgapom), and the Netherlands (PotatoNL).
Eric de Lijster, Head of PRA at DCA Market Intelligence, said: “Germany and France are the largest European countries in terms of acreage for processing potatoes. Therefore, their prices carry more weight in the calculation of the index than those of the Netherlands and Belgium.”
In addition to the DCA EU-4 Potato Index, DCA Market Intelligence also calculates the DCA EU-4 Potato Forward Index. The Forward Indices are weekly calculated prices based on the EU-4 Potato Index, taking into account a storage fee per week until the point of ‘delivery’ on the last Friday of the respective forward month. “With the Forward Indices, growers can look ahead and see what the potato price is expected to be later in the year, including the associated costs,” said Eric.
The EU-4 Potato Indices replace the spot price for processing potatoes that DCA previously used. “With the DCA EU-4 Potato Index, we offer a more recognisable and internationally-relevant name that aligns with the needs of growers, processors, and traders in the potato sector,” said Eric. “The rebranding supports our ambition to map the potato market in an even more transparent and professional manner.”
The DCA EU-4 Potato Index for Week 2 is set at €27.15 per 100 kilograms.
