(Bloomberg) -- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. Potato processors are rushing to buy supplies and ship them across North America in order to keep French fries on the menu after cold, wet weather damaged crops in key producers in the U.S
-- Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here.
Cool conditions started to hit growing regions in October, lashing potatoes with frost. Farmers in Alberta and Idaho were able to dig up some damaged crops for storage. But growers in Manitoba, North Dakota and Minnesota received snow and rain, forcing them to abandon some supplies in fields. “French fry demand has just been outstanding lately, and so supplies can’t meet the demand,” Travis Blacker, industry-relations director with the Idaho Potato Commission, said in a phone interview.
The U.S. Department of Agriculture forecasts domestic output will drop 6.1% this year to the lowest since 2010, the agency said in a Nov. 8 report. In Idaho, the top producer, output is forecast to fall 5.5%.
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