Potato farmers will face a loss of Tk320 crore if the prices of potatoes do not pick up.
According to sources, potatoes have been grown on 38,000 hectares in Munshiganj this year and while yield has been good, profits for farmers have not been as satisfactory.
Last year, one sack sold for Tk1000-1200 each as opposed to Tk400-500 now according to www.dhakatribune.com
Bangladesh Cold Storage Association sources say that there are currently 500,000 tons of potatoes in the 70 cold storage facilities in Munshiganj.
As of Tuesday, potatoes sold for Tk10-11 per kg, with farmers counting a loss of Tk7-8 per kg. If prices do not go up soon, they will likely face losses of nearly 320 crore.
Sreenagar Cold Storage Limited Manager Shishir Ahmed said that per 50kg sacks of potatoes, which used to sell for Tk1500 each, are now going for Tk400-500.
Betka Cold Storage Limited General Manager GM Farooque said that the storage was having to sell the potatoes for low prices at a loss of Tk400-500 per sack.
Local markets in Munshiganj are selling potatoes for Tk20-25 per kilogram.
Munshiganj Department of Agricultural Extension former deputy director Mohammad Shah Alam said that prices of potatoes were likely to rise by next month due to crops being destroyed by floods.