The net effect of reduced prices has stalled the Potato Farming industry's growth over the five years to 2018. Moreover, the appreciation of the US dollar has made potatoes more expensive and less competitive on the global market, resulting in constrained export volumes. The industry is in a constant balancing act with downstream markets, trying to keep its output at levels that will yield desirable selling prices. However, this is not a surefire strategy; for example, a bumper crop in 2012 led to a surplus, causing prices to drop. Over the five years to 2023, industry growth is expected to be driven primarily by crop price appreciation and increases in export volumes.
This industry grows potatoes, sweet potatoes and yams. Potatoes are a staple food product in many parts of the world and can also be used to in the manufacture of other products, including processed snack foods, alcoholic spirits and animal feed.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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