Frozen potatoes see global growthThis article was originally published in Foodnews
GLOBAL demand for frozen potato products is forecast to rise 5% in 2011/12 compared with the previous year, according to the USDA’s Foreign Agricultural Service (FAS). Strengthening economic growth in key importer countries and expansion of fast food restaurants will be the drivers behind the trend, the agency says. Similarly, US exports are forecast up due to stronger demand from Mexico and the Philippines. The US is also the world’s largest importer, and is forecast to take 4% more in 2011/12, for 740 000 tonnes. Japanese imports are expected to continue their upward trend and grow 3% to around 330 000 tonnes, while Brazil is forecast to increase imports by 10% to 260 000 tonnes. In 2010/11, Chinese imports jumped almost 70% to 85 000 tonnes due to supply shortages, which largely benefited US shippers. However, near-term demand should return to normal levels as domestic production expands to meet rising demand.