Belgapom quotation

After the Belgian commission price was no longer fixed by the Belgian federal ministry in February 2001, as a result of the regionalisation of the department of agriculture, Belgapom has taken the initiative to publish the Belgapom quotation starting with the season 2001-2002. 

A Commission, composed out of 8 persons, of which 4 active in the potato trade and 4 in the potato processing industry, quotes on a weekly basis on Friday morning the Belgapom quotation. This is the most frequent price on the physical market for potatoes from the field with destination processing industry.

This Belgapom quotation makes part of the basket of European quotations, which are used to define the 'cash settlement price' of the potato futures market in Hannover.

As from 2007 each Friday morning the Belgapom quotation is determined based upon the following definition:
"The Belgapom quotation is the most frequently used price observed on the previous working day for Bintje, from the field 35 mm+, suitable for frites (french fries), departure producer, loose on truck for immediate delivery/picking up. "

The commission also adds a market tone, chosen from the following definitions:

  • Flat: offer is larger than demand
  • Quiet: offer is larger than or equal to demand
  • Stable: offer is equal to demand, balanced
  • Firm: offer is smaller or equal to demand
  • Fixed: offer is smaller than demand

The Belgapom price is quoted in Euro -  6 % VAT inclusive and exclusive  - and this per unity of 1.000 kg or 1 tonne.

The Commission reserves the right not to define a Belgapom quotation due to exceptional circumstances. The motivation of this decision will be expressed by the Commission. 

The past years the Belgapom quotation has set itself on national and international level as a reliable source of market information, which allows the sector to dispose of a database which illustrates the Belgian physical potato market and which can be consulted at all times. 

The price commission

Since the season 2007 – 2008 the Commission that makes the weekly Belgapom quotation has been composed out of :

  • For the section trade: Mr. Marc Bauden, Norbert Tack, Yvo Deputter and Geert Vindevogel.
  • For the section processing industry: Mr. Marc Seru, Yves Capoen, Bruno Mylle and Marcel Delamillieure.