-
Kenya's economy faces climate change risks: World Bank
-
Stocks sink amid fears over US-Iran ceasefire
-
Premier League losses soar for clubs locked in 'arms race'
-
For Israel's Circassians, food and language sustain an ancient heritage
-
'Super El Nino' raises fears for Asia reeling from Middle East conflict
-
Pulitzers honor damning coverage of Trump and his policies
-
US-Iran ceasefire on brink as UAE reports attacks
-
OpenAI co-founder under fire in Musk trial over $30 bn stake
-
Amazon to ship stuff for any business, not just its own merchants
-
Passengers stranded on cruise off Cape Verde following suspected virus deaths
-
What is hantavirus, and can it spread between humans?
-
Two dead as car ploughs into crowd in Germany's Leipzig
-
Demi Moore joins Cannes Festival jury
-
Two dead after car ploughs into people in Germany's Leipzig: mayor
-
Stars set for Met Gala, fashion's biggest night
-
France launches one-euro university meals for all students
-
Mysterious world beyond Pluto may have an atmosphere: astronomers
-
Energy crisis fuels calls to cut methane emissions
-
Hantavirus: spread by rodents, potentially fatal, with no specific cure
-
Musk vs OpenAI trial enters second week
-
Japan PM says oil crisis has 'enormous impact' in Asia-Pacific
-
Seoul, Taipei hit records as Asian stocks track Wall St tech rally
-
Boeing faces civil trial over 737 MAX crash
-
Pacific Avenue Capital Partners Enters into Exclusive Negotiations to Acquire ESE World, Amcor's European Waste Container Business
-
Three die on Atlantic cruise ship from suspected hantavirus: WHO
-
Two die in 'respiratory illness' outbreak on Atlantic cruise ship
-
More Nepalis drive electric, evading global fuel shocks
-
Latecomer Japan eyes slice of rising global defence spending
-
German fertiliser makers and farmers struggle with Iran war fallout
-
OPEC+ to make first post-UAE production decision
-
Massive crowds fill Rio's Copacabana beach for Shakira concert
-
US airlines step up as Spirit winds down
-
Aviation companies step up as Spirit winds down
-
'Bookless bookstore': audio-only book shop opens in New York
-
Venezuelan protesters call government wage hike a joke
-
S&P 500, Nasdaq end at fresh records on tech earnings strength
-
Pope names former undocumented migrant as US bishop of West Virginia
-
Trump says will raise US tariffs on EU cars to 25%
-
ExxonMobil CEO sees chance of higher oil prices as earnings dip
-
After Madonna and Lady Gaga, Shakira set for Rio beach mega-gig
-
King Charles gets warm welcome in Bermuda after whirlwind US visit
-
Coe hails IOC gender testing decision
-
Baguettes take centre stage on France's Labour Day
-
Iran offers new proposal amid stalled US peace talks
-
French hub monitors Hormuz tensions from afar
-
Oil steady after wild swing, stocks diverge in thin trading
-
Chinese swimmer Sun Yang reports cyberbullying to police
-
Iran activates air defences as Trump faces congressional deadline
-
India's cows offer biogas alternative to Mideast energy crunch
-
Crude edges up after wild swing, stocks track Wall St rally
Record potato harvest is no boon in fries-mad Belgium
Fries powerhouse Belgium is in for a record potato harvest this year -- but that's hardly cause for celebration for farmers who face a slump in prices partially driven by a crunch in exports.
With almost all potatoes plucked from the ground, the European nation is set to produce about five million tonnes of the tubers, up 11 percent on 2024 and just short of half a tonne per inhabitant, according to farming group Belpotato.
The milestone comes on the back of a steady rise in potato-farmed land fuelled by the country's world-beating frozen fries industry, which is now feeling the pinch of US tariffs and growing competition from Asia.
"We are at a tipping point," Belpotato's secretary Pierre Lebrun told AFP. "Global markets have been buying fewer European fries".
Fried potatoes are a national dish and symbol of pride in Belgium.
Dotted by "friteries" or "frituren" -- diners specialising in the stuff with names like Fritapapa and Frit'city -- the country has turned its taste for fried sticks into a huge commercial success.
The industry has expanded rapidly over the past decade, and Belgium is currently Europe's biggest producer and the world's largest peddler of what the British call chips.
In 2024 the country exported more than three billion euros ($3.5 billion) worth of cooked and frozen potato products, a three-fold increase on 2015, according to European Union data agency Eurostat.
A steady global appetite and a fast-food boom in Asia and the Middle East have spurred investments, said Christophe Vermeulen, the head of trade group CEO Belgapom.
"As a commodity, fries are always very popular. When the population grows and the middle class grows, the demand for fries grows as well," said Vermeulen.
"And obviously every time something fast food-ish opens in the world, they need fries."
- 'Reset mode' -
As factories sought to churn out more and more fries, potato prices reached a historic high over the past couple of years -- spurring a farming craze.
Farmers bought more land or rented it out from neighbours to plant potatoes, said Lebrun.
Producers in Belgium, France, the Netherlands and Germany, which also supply Belgian fries manufacturers, added 40,000 hectares to their plots this year, a seven-percent increase on 2024, according to industry figures.
A similar hike was recorded the previous year.
It seemed "the sky was the limit", Lebrun said.
But the situation has now come to a head.
Frozen fries-makers -- who eat up the lion's share of Belgian potatoes -- have been hit by a triple whammy of import tariffs in key market the United States, a strong euro hurting exports and the emergence of rivals in India, China and Egypt, said Vermeulen.
Frozen fries exports were down 6.1 percent in the year ending June 30, industry figures show.
Most potatoes are sold through seasonal contracts agreed before the harvest. On the the so-called free market however -- where the remainder are sold -- record production has sent prices crashing to about 15 euros a tonne.
That is down from the peak they hit last year of about 600 euros.
"It's going to be a difficult year," Baudouin Dewulf, a grizzled farmer in Geer, eastern Belgium, said. He lamented the "saturated market" as a harvester loaded an avalanche of potatoes onto a truck in a field behind him.
While seasonal contracts with fries manufacturers are protecting the income of many farmers, some will have to rethink their investments and brace for tough negotiations next year.
"The Belgian potato industry is in a reset mode," said Vermeulen.
S.F.Lacroix--CPN