Invest Alberta’s Post

Alberta is bullish on growing global demand for fries 🍟 📈 Is it sustainable? 🥔 Potato acreage up 35% since 2019 🥔 Alberta now Canada's top potato-producing province; taking the crown from PEI 🥔 Industry valued at $2.87 billion CAD 🥔 Driven by growing Asian demand for fries and hash browns 🥔 73% of Alberta potatoes used for frozen products and chips 🥔 Recent Major processor expansions: Cavendish Farms: $430M plant expansion completed McCain Foods: $600M plant expansion underway ✳ Risks? drought, changing consumer preferences; rising costs https://lnkd.in/g-J5K4Gg #Fries #frenchfries #potato #potatoes #FoodProcessing

The Changing Landscape of Potato Production: Balancing Quality, Yield, and Market Demand As schools reopen after the summer break, the demand for potatoes in the retail sector is rising, providing a much-needed boost for growers. However, despite this improvement in market conditions, the 2024 potato season has brought a set of challenges for farmers in both the UK and Ireland. According to the latest Irish Farmers’ Association

Alberta’s Potato Industry Growth Fueled by International Demand. Alberta’s potato industry is experiencing a significant growth spurt, driven partly by the increasing demand in Asia for popular potato products like french fries and hash browns. According to Farm Credit Canada, the number of harvested acres of potatoes in Alberta has surged by approximately 35% since 2019. McCain Foods’ decision to expand its potato processing facility near Coaldale in southern Alberta is poised to further boost the sector’s expansion. The rise in potato production in Alberta and Manitoba is reshaping the potato landscape in Canada, shifting power westward. In 2022, the Prairies, along with British Columbia, accounted for 45.6% of potato production, surpassing Atlantic Canada and Central Canada. Alberta emerged as the top potato-producing province in the country, dethroning Prince Edward Island. The economic impact of Alberta’s potato sector has soared to $2.87 billion Canadian dollars, as per analysis by the Potato Growers of Alberta. The industry’s growth trajectory can be traced back to the early 2000s when major players such as McCain, Lamb Weston, and Cavendish Farms established processing plants in sout... https://lnkd.in/e_SDfQjX

Potato New Zealand reported a decrease in potato production in 2022-2023, with 176 commercial growers planting 8,424 hectares. The total production value was USD570m, with 55.9% for processing and 40.2% for table use. New Zealand had the world's highest yields in 2022, with 50.9 tonnes/hectare. However, prices for 2023-2024 have significantly decreased, indicating an increased potato volume. Fiji is the largest table potato export destination, accounting for 80% of the total.

Alberta’s Potato Industry Growth Fueled by International Demand. Alberta’s potato industry is experiencing a significant growth spurt, driven partly by the increasing demand in Asia for popular potato products like french fries and hash browns. According to Farm Credit Canada, the number of harvested acres of potatoes in Alberta has surged by approximately 35% since 2019. McCain Foods’ decision to expand its potato processing facility near Coaldale in southern Alberta is poised to further boost the sector’s expansion. The rise in potato production in Alberta and Manitoba is reshaping the potato landscape in Canada, shifting power westward. In 2022, the Prairies, along with British Columbia, accounted for 45.6% of potato production, surpassing Atlantic Canada and Central Canada. Alberta emerged as the top potato-producing province in the country, dethroning Prince Edward Island. The economic impact of Alberta’s potato sector has soared to $2.87 billion Canadian dollars, as per analysis by the Potato Growers of Alberta. The industry’s growth trajectory can be traced back to the early 2000s when major players such as McCain, Lamb Weston, and Cavendish Farms established processing plants in south... https://lnkd.in/eeeXy2ru

100% Agree. The reality is that while growers are realising negative net returns, even negative gross returns at current prices, there is no way that they can farm for the long-term better strategy, but need to survive in the short-term, and therefore nuts will keep flowing to the nut-in-shell markets that realises higher back-on-farm returns. We need a kernel market that can provide better back-on-farm returns after processing cost, which would cause processing efficiency, reducing costs and therefore reducing our reliance on a the NIS market. Most growers are at least 3 years away from reaching maturity after which pressure will only then start easing.

🍒 Optimism for South Africa's Cherry Season 🍒 Despite early frost challenges affecting some cherry varieties, Tru-Cape growers remain positive about this season's harvest. Deon Malherbe from Eselfontein farm notes that while there are fewer cherries, their quality and sugar levels are outstanding, with the season running two weeks later than last year. Nico Verhoef, financial director at Witzenberg Properties, shares that early variety losses have driven prices up by about 25% compared to last year. As consumer demand increases both locally and internationally, the outlook for South African cherries looks bright, with significant growth in cherry orchards in the Ceres region. https://lnkd.in/ePw5CM4t

Food-grade soybeans are stealing the spotlight with increasing premiums. Dive into the latest agricultural trends and explore the growing demand for premium-quality soybeans in the food industry. 🌱🍽️

Critical Situation for Citrus Growers in Entre Ríos: Navigating Low Prices and Market Saturation In the citrus-growing region of Villa del Rosario in Entre Ríos, Argentina, the situation for local farmers is dire. Despite a productive year, growers are struggling with unviable prices, oversupply, and high operational costs. This article explores the latest developments in the citrus industry in Entre Ríos, analyzing the causes of the current crisis and […] https://lnkd.in/eNjACm2T

Critical Situation for Citrus Growers in Entre Ríos: Navigating Low Prices and Market Saturation In the citrus-growing region of Villa del Rosario in Entre Ríos, Argentina, the situation for local farmers is dire. Despite a productive year, growers are struggling with unviable prices, oversupply, and high operational costs. This article explores the latest developments in the citrus industry in Entre Ríos, analyzing the causes of the current crisis and […] https://lnkd.in/eUfyZqsM