July 18, 2024

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

Potato selling prices in West Bengal, which experienced been on a agency note, are very likely to crash as the Condition governing administration has stepped up sale of the tuber by its network of fair value shops referred to as Sufal Bangla.

The wholesale value of potato (Jyoti variety) firmed up by virtually 36 per cent to ₹3,600 a quintal in November this yr as when compared to exact same period previous yr.

In the wake of mounting selling prices, the Condition Agriculture Advertising and marketing Division made a decision to promote its buffer inventory at ₹25 a kg so as to discourage wholesalers and retailers from pushing the value unusually. The Condition has a network of near to 250 Sufal Bangla shops.

According to Patit Pavan De, Member, West Bengal Cold Storage Affiliation, the Condition governing administration has been advertising near to seven.5 lakh kg of potatoes every day by its fair value shops. This has helped bring down selling prices in select markets.

“The governing administration has its inventory in chilly storages, which it has been advertising at these fair value shops. Selling prices have occur down in some markets like Midnapore where by it is down by virtually 20 per cent in the previous fortnight and is at the moment ruling at all around ₹28-29 a kg (₹35-36),” De explained to BusinessLine.

Hooghly, Burdwan, Bankura, East Midnapore and West Midnapore are vital expanding districts.

Keeping inventory

This aside, the traders have been holding on to the inventory in anticipation of a more value increase. Shut to 6 lt are even now becoming held by traders, which is 50 per cent far more than 4 lakh tonne exact same period previous yr. This is very likely to bring down the selling prices.

The overall loading in chilly storages this yr was near to fifty five lt. There are all around 400 chilly storages in Bengal and the overall storage ability is estimated to be near to 70 lt.

Also, the arrival of potatoes from Punjab and Uttar Pradesh is expected to get started picking up.

Potato generation is estimated to be higher across the vital expanding areas of UP, Punjab and Bengal this yr as there has been an boost in location below cultivation.

There is estimated to be a 5 per cent boost in location below potato cultivation in Bengal as farmers have been encouraged by the higher selling prices the tuber fetched them for two consecutive many years. Potato cultivation in Bengal is unfold more than near to four.6 lakh hectares.