Nov 8, 2011USDA predicts slight rise in potato exports
The United States Department of Agriculture’s Foreign Agricultural Service recently released a report forecasting a 5 percent increase in global demand for frozen potato products, and U.S. exports are predicted to follow the same trend line.
The report’s forecast for U.S. frozen potato exports in 2011-2012 is based on stronger demand from Mexico and the Philipines.
A key component in the increasing demand was the resolution in October of the trucking dispute between the United States and Mexico that resulted in the removal of a 20 percent retaliatory tariff that Mexico had imposed in March 2009 on U.S. frozen fries.
According to the report the increasing demand in world markets is attributable to strengthening economic growth in key import market along with the expansion of fast food restaurants.