Potato turns cheaper as Bengal govt begins sale via fair price shops

Potato costs in West Bengal, which experienced been on a firm note, are very likely to crash as the Point out govt has stepped up sale of the tuber by means of its community of good value shops named Sufal Bangla.

The wholesale value of potato (Jyoti assortment) firmed up by just about 36 for every cent to ₹3,600 a quintal in November this year as in comparison to identical time period final year.

In the wake of rising costs, the Point out Agriculture Advertising Department made a decision to provide its buffer stock at ₹25 a kg so as to discourage wholesalers and suppliers from pushing the price unusually. The Point out has a community of close to 250 Sufal Bangla shops.

According to Patit Pavan De, Member, West Bengal Cold Storage Association, the Point out govt has been promoting close to seven.five lakh kg of potatoes day-to-day by means of its good value shops. This has helped provide down costs in select marketplaces.

“The govt has its stock in chilly storages, which it has been promoting at these good value shops. Costs have appear down in some marketplaces like Midnapore exactly where it is down by pretty much 20 for every cent in the final fortnight and is presently ruling at all over ₹28-29 a kg (₹35-36),” De explained to BusinessLine.

Hooghly, Burdwan, Bankura, East Midnapore and West Midnapore are important rising districts.

Keeping stock

This apart, the traders have been keeping on to the stock in anticipation of a further value rise. Close to six lt are however staying held by traders, which is fifty for every cent additional than 4 lakh tonne identical time period final year. This is very likely to provide down the costs.

The whole loading in chilly storages this year was close to fifty five lt. There are all over 400 chilly storages in Bengal and the whole storage ability is approximated to be close to 70 lt.

Moreover, the arrival of potatoes from Punjab and Uttar Pradesh is predicted to commence picking up.

Potato output is approximated to be larger across the important rising parts of UP, Punjab and Bengal this year as there has been an improve in location underneath cultivation.

There is approximated to be a 5 for every cent improve in location underneath potato cultivation in Bengal as farmers have been encouraged by the larger costs the tuber fetched them for two consecutive years. Potato cultivation in Bengal is unfold more than close to 4.six lakh hectares.