The latest report titled “Potato Production” by Procurement Resource, a global procurement research and consulting firm, provides an in-depth cost analysis of the production process of Potato.
Procurement Resource study is based on the latest prices and other economic data available. It also offers additional analysis of the report with detailed breakdown of all cost components (capital investment details, production cost details, economics for another plant location, dynamic cost model). In addition, the report incorporates the production process with detailed process and material flow, capital investment, operating costs along with financial expenses and depreciation charges.
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Procurement Resource’s detailed report describes the stepwise consumption of material and utilities along with a detailed process flow diagram. Furthermore, the study assesses the latest developments within the industry that might influence Potato production cost, looking into capacity expansions, plant turnarounds, mergers, acquisitions, and investments.
Procurement Resource Assessment of Potato Production Process:
1. Potato Production Cost Via planting and harvesting: This report presents the detailed production methodology and cost analysis of potato industrial production across potato manufacturing plants. In this process, seeds are planted in deep trenches with 12-15 inches of space between each potato seed. The implanted seeds are required to be irrigated regularly. Once the potatoes turn dry and yellow, they are harvested and then cleaned and graded.
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Product Definition:
Potatoes provide essential vitamins and minerals such as vitamin C and potassium, making them a nutritious food source. They grow underground on the roots of the Solanum tuberosum plant, which is related to tomatoes and tobacco. Potatoes can be boiled, baked, or fried and are often served as a side dish or snack. Some popular potato-based foods include French fries, potato chips, and potato flour. Depending on how they are prepared, potatoes can even offer health benefits. For instance, cooked potatoes with the skin are rich in potassium and vitamin C. While fresh potatoes are high in water, they are also composed of carbs and moderate amounts of protein and fibre but very little fat.
Market Drivers:
Potatoes are a versatile and nutritious food source with over 4,000 edible varieties available. They are the world’s third most important food crop, following rice and wheat, in terms of human consumption. Potatoes naturally resist pests, diseases, and climatic conditions, making them an attractive crop for farmers. In developing countries, potato production areas have increased rapidly, surpassing other food crops. Over a billion people worldwide consume potatoes, and they have several advantages over other food crops, such as easy storage, high yield, low planting requirement, wide planting area, and high nutritional value. Due to these qualities, potatoes are suitable for the processed food industry. The growth in consumption of convenience and processed food products, attributed to rapid urbanization, changing eating habits, and an increase in vegetarian populations, is expected to support the growth of the global potato market in the coming years.
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