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LATEST NEWS UPDATES | Potato prices in Bengal drops by 50% on excess production -Shobha Roy </title>
<meta name="description" content="-The Hindu Business Line
Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020
Potato prices in West Bengal have dropped by nearly 50..."/>
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<meta property="og:description" content="-The Hindu Business Line
Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020
Potato prices in West Bengal have dropped by nearly 50..." />
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<h1 class="cat-box-title">Potato prices in Bengal drops by 50% on excess production -Shobha Roy </h1>
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<p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020</em></p><p style="text-align:justify">Potato prices in West Bengal have dropped by nearly 50 per cent in less than two months on the back of excess production in key producing regions including Uttar Pradesh, Bengal and Gujarat. Wholesale price of the tuber (Jyoti variety) is currently hovering around 500-550 a quintal, as compared with 1,000-1,100 a quintal in early June this year.</p><p style="text-align:justify">On a year-on-year basis, prices have dropped by nearly 62 per cent from 1,300-1,400 a quintal in the same period last year.</p><p style="text-align:justify">According to Patit Paban De, former president of West Bengal Cold Storage Association, the prices are far below the cost of production and other expenses including storage costs entailed by a farmer.</p><p style="text-align:justify">The average cost of production and expenses incurred (at the farmer's end) is close to 700 a quintal. This has made them wary and most have been holding back stocks waiting for prices to improve.</p><p style="text-align:justify">“As at July end the release of potatoes from cold storage is only around 30 per cent while it should have been close to 33-34 per cent. Potato production is higher in most States this year and so there is excess stock in the market. Farmers are holding on to their stock as the prices are lower than their cost of production,” De told BusinessLine.</p><p style="text-align:justify"><em>Bumper production</em></p><p style="text-align:justify">Potato production in West Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020. Around 71 lakh tonne of potatoes were kept in cold storages this year, as against only 55 lakh tonne in 2020. There are around 400 cold storages in Bengal and the total storage capacity is estimated to be close to 70 lakh tonne.</p><p style="text-align:justify">Nearly 38 per cent of potatoes were released from cold storages this time last year backed by a steady demand. However, release of the stock has been impacted by poor demand this year, said Rabindranath Pal, a potato trader from Hooghly district.</p><p style="text-align:justify">Cultivation of potato in Bengal is spread over close to 4.6 lakh hectares. Hooghly, Burdwan, Bankura, East Midnapore and West Midnapore are key growing districts. There has been around 5-7 per cent increase in area under cultivation this year.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/economy/agri-business/potato-prices-in-bengal-drops-by-50-on-excess-production/article35695349.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/agri-business/potato-prices-in-bengal-drops-by-50-on-excess-production/article35695349.ece?homepage=true">click here</a> to read more. </p>
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LATEST NEWS UPDATES | Potato prices in Bengal drops by 50% on excess production -Shobha Roy </title>
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Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020
Potato prices in West Bengal have dropped by nearly 50..."/>
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Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020
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<h1 class="cat-box-title">Potato prices in Bengal drops by 50% on excess production -Shobha Roy </h1>
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<p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020</em></p><p style="text-align:justify">Potato prices in West Bengal have dropped by nearly 50 per cent in less than two months on the back of excess production in key producing regions including Uttar Pradesh, Bengal and Gujarat. Wholesale price of the tuber (Jyoti variety) is currently hovering around 500-550 a quintal, as compared with 1,000-1,100 a quintal in early June this year.</p><p style="text-align:justify">On a year-on-year basis, prices have dropped by nearly 62 per cent from 1,300-1,400 a quintal in the same period last year.</p><p style="text-align:justify">According to Patit Paban De, former president of West Bengal Cold Storage Association, the prices are far below the cost of production and other expenses including storage costs entailed by a farmer.</p><p style="text-align:justify">The average cost of production and expenses incurred (at the farmer's end) is close to 700 a quintal. This has made them wary and most have been holding back stocks waiting for prices to improve.</p><p style="text-align:justify">“As at July end the release of potatoes from cold storage is only around 30 per cent while it should have been close to 33-34 per cent. Potato production is higher in most States this year and so there is excess stock in the market. Farmers are holding on to their stock as the prices are lower than their cost of production,” De told BusinessLine.</p><p style="text-align:justify"><em>Bumper production</em></p><p style="text-align:justify">Potato production in West Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020. Around 71 lakh tonne of potatoes were kept in cold storages this year, as against only 55 lakh tonne in 2020. There are around 400 cold storages in Bengal and the total storage capacity is estimated to be close to 70 lakh tonne.</p><p style="text-align:justify">Nearly 38 per cent of potatoes were released from cold storages this time last year backed by a steady demand. However, release of the stock has been impacted by poor demand this year, said Rabindranath Pal, a potato trader from Hooghly district.</p><p style="text-align:justify">Cultivation of potato in Bengal is spread over close to 4.6 lakh hectares. Hooghly, Burdwan, Bankura, East Midnapore and West Midnapore are key growing districts. There has been around 5-7 per cent increase in area under cultivation this year.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/economy/agri-business/potato-prices-in-bengal-drops-by-50-on-excess-production/article35695349.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/agri-business/potato-prices-in-bengal-drops-by-50-on-excess-production/article35695349.ece?homepage=true">click here</a> to read more. </p>
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LATEST NEWS UPDATES | Potato prices in Bengal drops by 50% on excess production -Shobha Roy </title>
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Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020
Potato prices in West Bengal have dropped by nearly 50..."/>
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Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020
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<h1 class="cat-box-title">Potato prices in Bengal drops by 50% on excess production -Shobha Roy </h1>
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<p style="text-align:justify">-The Hindu Business Line</p><p style="text-align:justify"><em>Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020</em></p><p style="text-align:justify">Potato prices in West Bengal have dropped by nearly 50 per cent in less than two months on the back of excess production in key producing regions including Uttar Pradesh, Bengal and Gujarat. Wholesale price of the tuber (Jyoti variety) is currently hovering around 500-550 a quintal, as compared with 1,000-1,100 a quintal in early June this year.</p><p style="text-align:justify">On a year-on-year basis, prices have dropped by nearly 62 per cent from 1,300-1,400 a quintal in the same period last year.</p><p style="text-align:justify">According to Patit Paban De, former president of West Bengal Cold Storage Association, the prices are far below the cost of production and other expenses including storage costs entailed by a farmer.</p><p style="text-align:justify">The average cost of production and expenses incurred (at the farmer's end) is close to 700 a quintal. This has made them wary and most have been holding back stocks waiting for prices to improve.</p><p style="text-align:justify">“As at July end the release of potatoes from cold storage is only around 30 per cent while it should have been close to 33-34 per cent. Potato production is higher in most States this year and so there is excess stock in the market. Farmers are holding on to their stock as the prices are lower than their cost of production,” De told BusinessLine.</p><p style="text-align:justify"><em>Bumper production</em></p><p style="text-align:justify">Potato production in West Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020. Around 71 lakh tonne of potatoes were kept in cold storages this year, as against only 55 lakh tonne in 2020. There are around 400 cold storages in Bengal and the total storage capacity is estimated to be close to 70 lakh tonne.</p><p style="text-align:justify">Nearly 38 per cent of potatoes were released from cold storages this time last year backed by a steady demand. However, release of the stock has been impacted by poor demand this year, said Rabindranath Pal, a potato trader from Hooghly district.</p><p style="text-align:justify">Cultivation of potato in Bengal is spread over close to 4.6 lakh hectares. Hooghly, Burdwan, Bankura, East Midnapore and West Midnapore are key growing districts. There has been around 5-7 per cent increase in area under cultivation this year.</p><p style="text-align:justify">Please <a href="https://www.thehindubusinessline.com/economy/agri-business/potato-prices-in-bengal-drops-by-50-on-excess-production/article35695349.ece?homepage=true" title="https://www.thehindubusinessline.com/economy/agri-business/potato-prices-in-bengal-drops-by-50-on-excess-production/article35695349.ece?homepage=true">click here</a> to read more. </p>
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LATEST NEWS UPDATES | Potato prices in Bengal drops by 50% on excess production -Shobha Roy
Potato prices in Bengal drops by 50% on excess production -Shobha Roy
Published on Aug 3, 2021
Modified on Aug 5, 2021
-The Hindu Business Line
Potato production in Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020
Potato prices in West Bengal have dropped by nearly 50 per cent in less than two months on the back of excess production in key producing regions including Uttar Pradesh, Bengal and Gujarat. Wholesale price of the tuber (Jyoti variety) is currently hovering around 500-550 a quintal, as compared with 1,000-1,100 a quintal in early June this year.
On a year-on-year basis, prices have dropped by nearly 62 per cent from 1,300-1,400 a quintal in the same period last year.
According to Patit Paban De, former president of West Bengal Cold Storage Association, the prices are far below the cost of production and other expenses including storage costs entailed by a farmer.
The average cost of production and expenses incurred (at the farmer's end) is close to 700 a quintal. This has made them wary and most have been holding back stocks waiting for prices to improve.
“As at July end the release of potatoes from cold storage is only around 30 per cent while it should have been close to 33-34 per cent. Potato production is higher in most States this year and so there is excess stock in the market. Farmers are holding on to their stock as the prices are lower than their cost of production,” De told BusinessLine.
Bumper production
Potato production in West Bengal is estimated to be higher by nearly 16 per cent at 110 lakh tonnes this year, as compared to 95 lakh tonnes in 2020. Around 71 lakh tonne of potatoes were kept in cold storages this year, as against only 55 lakh tonne in 2020. There are around 400 cold storages in Bengal and the total storage capacity is estimated to be close to 70 lakh tonne.
Nearly 38 per cent of potatoes were released from cold storages this time last year backed by a steady demand. However, release of the stock has been impacted by poor demand this year, said Rabindranath Pal, a potato trader from Hooghly district.
Cultivation of potato in Bengal is spread over close to 4.6 lakh hectares. Hooghly, Burdwan, Bankura, East Midnapore and West Midnapore are key growing districts. There has been around 5-7 per cent increase in area under cultivation this year.
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