What it is
A staple food crop. The futures contract is for potatoes grown in north-west Europe for processing into chips and crisps; most potatoes everywhere are sold under contract or in local markets.
How it is usually quoted
Euros per 100 kilograms.
This is the customary unit of the reference market. Other markets for the same commodity may use another unit or currency, and an exchange can change a contract’s terms: its own rulebook is the authority.
Where the reference contract trades
EEX, settled in cash against an index of European prices.
Named for orientation only. Naming an exchange or a market here does not mean that GIO4X gives access to it.
What commonly moves it
- Weather in north-west Europe during growing and lifting
- How much of the crop was sold in advance under contract
- Demand from processors
- How well the crop keeps in store
These are the things people who follow this market usually watch. They explain how the market works; they do not say what the price will do next.
Where it comes from
China and India grow the most. The contract reflects Belgium, the Netherlands, Germany and France.
The order of producers changes from year to year, so no quantities or shares are given here.
At GIO4X
Potatoes is not offered as a GIO4X instrument. This page is general education about a market that exists elsewhere, and nothing on it means that GIO4X quotes, trades or gives access to it.
The commodities GIO4X does list are Brent crude, gold, natural gas, palladium, platinum, silver and WTI crude.
Words worth knowing
A reference page. Educational information, not investment advice or a recommendation to trade. It gives no price and no forecast.