Potato prices have crashed nearly 70 percent across primary agricultural markets from their peak of Rs 2,900-2,750 per 100 kgs in the last week of November, due to higher arrivals.
“Prices are actually below Rs 800 per 100 kgs in most growing regions. The new crop is higher than last year as many growers went for the crop as prices ruled high during the sowing time,” said Patit Paban De, former president of West Bengal Cold Storage Association.
At Agra's agricultural produce marketing committee (APMC) market, most arrivals are trading between Rs 850 and Rs 900 per 100 kgs from the November peak.
In Punjab, prices in most markets in Jalandhar district are ruling lower than Rs 1,000 per 100 kgs as also in West Bengal. During the same time last year, prices were at Rs 1,250 in Agra, Rs 1,600 in Punjab and Rs 1,500 in Bengal.
According to the consumer affairs ministry, potato prices in Delhi were Rs 21 a kg on January 11 against Rs 45 on November 30, while in Mumbai they dipped to Rs 32 from Rs 52. During the same period a year ago, the kitchen staple was selling at Rs 28 and Rs 36 a kg.
[ Rs100 = €1.10 ]
Photo source: Dreamstime.com