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The all-India retail worth for potato was Rs 26 per kg on Saturday, up 10.18% month-on-month and 32% year-on-year, confirmed information from the Division of Shopper Affairs.
The wholesale costs of the kitchen staple stood at Rs 1,944 per quintal on Saturday, 11.44% increased month-on-month and 33.18% increased than final yr. The output has fallen in two main producing states of Uttar Pradesh and West Bengal, mentioned potato merchants.
“The loading in chilly storage is reported to be 10-12% decrease at current,” mentioned Gopal Sharma, a potato dealer from UP, including that on account of decrease manufacturing farmers are usually not keen to get rid of their shares instantly as they’re ready for costs to rise.
Merchants mentioned potato costs are anticipated to remain excessive as the general yield is anticipated to be low this yr. The manufacturing of potatoes in 2023-24 is anticipated to have fallen to about 58.99 million tonnes from about 60.14 million tonnes within the earlier yr, in keeping with the agriculture ministry’s first advance estimate for 2023-24 launched earlier this yr.
Late rains in November broken the newly planted crops, forcing the farmers to replant in December. Nonetheless, latest rains in April have precipitated injury to the crops which had been prepared for harvest.
