Unfavorable growing conditions have damaged crops at producers in both the United States and Canada, prompting processors to purchase supplies and send them across the continent, according to the report.
Industry experts say the likelihood of potato price hikes is high for the coming year, Bloomberg.com says.
The United States Department of Agriculture expects this year's domestic output to decrease by 6.1 percent, the lowest rate since 2010.
Click here to read the Bloomberg report.
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