Potato prices have fallen by about 80% in several primary agricultural markets in major Indian growing states;
in November last year the potatoes still cost € 30.25 – € 31.90 per 100 kg, but as the supply started to flood the markets, prices fell dramatically.
Mahendra Swarup, President of the Federation of Cold Storage Associations of India (FCAOI): “Potato prices in markets like Fatehabad have fallen sharply to around € 5.50 per 100 kg as a result of the higher yield this year. this year will be at least 20% higher. “
Prices in the marketplaces in Uttar Pradesh managed by the Agriculture Committee fluctuate between € 6.05 and € 7.37 per 100 kg. On markets in Punjab, such as Jalandhar, prices were € 6.05 per 100 kg and in Bengal between € 6.38 – € 6.60. In the same period last year, prices were between € 9.02 and € 9.90. The three federal states account for almost 48% of the total potato production in the country.
Thehindubusinessline.com reports that growers will not only have to pay more for their seed potatoes this year, but that labor costs are also high. Potato prices have already plummeted in January, as growers started planting early to take advantage of the higher prices in November, especially in Bengal.
