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Potato Prices In Bangladesh Going Sky-high
- May 07, 2018 -

Potatoes in Dhaka's markets have gotten 41 percent pricier in a month as a large portion of the tubers was kept in cold storage, leaving supplies tight. A kilogramme was going for Tk 20-24 (€0.20-0.24) yesterday, up from Tk 15-16 (€0.15-0.16) a month ago, according to the Trading Corporation of Bangladesh. A week ago the price was Tk 18-22.

“A large amount of potatoes have been kept in cold storages. As a result, supply has dropped,” said a greengrocer from Shankar, Dhanmondi. The Bangladesh Cold Storage Association estimates that production dropped to 800,000-850,000 tons this year from 1,02 million tons last year, as low price-induced losses prompted farmers to shift to other crops.

Of the production, nearly 400,000 tons went into cold storages, said Qamrul Hussain Chowdhury Gorkey, the association's first Vice President. “It appears that demand for potato has risen, as a section of consumers is buying more of it. This is because prices of other vegetables have increased. The recent rainfall has affected various vegetables in the fields.”

According to The Daily Star, farmers grew potatoes on 4,92 million hectares during the 2017-18 production year, according to the Department of Agricultural Extension. This acreage was 1.4 percent less than the 4.97 million hectares of FY 2016-17.