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Average retail price for potatoes in Canada 2014-2020

The average retail price for potatoes hit an all-time high of 11.11 Canadian dollars per 4.54 kilograms in May 2020. As well as monthly fluctuations, the price has quite dramatically risen over the survey period, with an average annual price of 5.62 Canadian dollars in 2014.

Why do prices fluctuate?

Changes in demand or a bad harvest can affect the retail price of potatoes for consumers in grocery stores. A bad harvest could be caused by unexpected changes in weather, such as heatwaves, droughts or too much rain, and cold weather. Such conditions can hinder harvests and decrease production volumes, pushing up prices. Average expenses of potato farms in Canada have gradually risen over the past few years, reaching a high of 1.37 million Canadian dollars in 2018, this could also have a knock-on effect on retail prices.

Canadian potato production

Canadian potato production seems to, as of yet, not be too adversely affected by such changes in weather. The production volume of fresh white potatoes has, for example, gradually increased to around 4.8 million metric tons in 2017. Canada imported around 166,660 metric tons of fresh potatoes in the 2016/17 marketing year and exported around 438,670 metric tons of fresh potatoes worldwide.

Average retail price for potatoes in Canada from January 2014 to June 2020

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Source

Release date

July 2020

Region

Canada

Survey time period

January 2014 to June 2020

Supplementary notes

Statistics Canada collects prices for food, household supply and personal care items from food supermarkets and drugstores, prices for cigarettes from supermarkets, department stores, drug stores and tobacco shops, and prices for regular, unleaded gasoline from gas stations.

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Statistics on "Food retail in Canada"

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