In 2022, the warehousing of Shandong cold storage potatoes in the province was basically completed in early July. Judging from the final data, the warehousing volume in 2022 hit the lowest level since 2015. There are three main reasons why the storage volume of Shandong cold storage potato in 2022 will be significantly lower than that in 2021:

First of all, after several consecutive years of storage failures, the enthusiasm of storage companies continued to decline this year.

Secondly, the price of Shandong potatoes in the new production period this year is higher than that of the same period last year. In 2022, the average purchase price of Shandong new potatoes in the purchasing and storage period will be 0.32-0.34 yuan/kg higher than last year.

Finally, at the end of June this year, the frequent rains in Qingdao, Shandong Province resulted in the loss of most of the supply of new potatoes produced under the plastic film. The value of the commodity and the value of storage was greatly reduced. This year, the actual storage volume in various places was even lower when the storage expectations were not high.

On the whole, under the favorable premise that the planting area of ​​potato production areas has generally decreased from south to north this year, the storage volume of Shandong cold storage has experienced a large decrease year on year. Over the same period, the supply pressure was small. The sales rate of goods in Shandong is significantly faster than in the same period last year.

Source - https://www.freshplaza.com