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

Potato price ranges in West Bengal, which experienced been on a business notice, are likely to crash as the Condition government has stepped up sale of the tuber by way of its community of reasonable value retailers called Sufal Bangla.

The wholesale value of potato (Jyoti variety) firmed up by just about 36 per cent to ₹3,600 a quintal in November this yr as in contrast to identical interval final yr.

In the wake of mounting price ranges, the Condition Agriculture Advertising Section made a decision to promote its buffer inventory at ₹25 a kg so as to discourage wholesalers and suppliers from pushing the cost unusually. The Condition has a community of shut to 250 Sufal Bangla retailers.

In accordance to Patit Pavan De, Member, West Bengal Cold Storage Affiliation, the Condition government has been selling shut to 7.five lakh kg of potatoes every day by way of its reasonable value retailers. This has aided provide down price ranges in pick out markets.

“The government has its inventory in cold storages, which it has been selling at these reasonable value retailers. Costs have occur down in some markets like Midnapore where it is down by virtually twenty per cent in the final fortnight and is now ruling at about ₹28-29 a kg (₹35-36),” De advised BusinessLine.

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

Holding inventory

This apart, the traders have been keeping on to the inventory in anticipation of a even more value increase. Close to six lt are nonetheless remaining held by traders, which is fifty per cent a lot more than four lakh tonne identical interval final yr. This is likely to provide down the price ranges.

The whole loading in cold storages this yr was shut to fifty five lt. There are about 400 cold storages in Bengal and the whole storage ability is approximated to be shut to 70 lt.

What’s more, the arrival of potatoes from Punjab and Uttar Pradesh is anticipated to start out selecting up.

Potato creation is approximated to be increased across the important increasing places of UP, Punjab and Bengal this yr as there has been an boost in spot below cultivation.

There is approximated to be a 5 per cent boost in spot below potato cultivation in Bengal as farmers have been inspired by the increased price ranges the tuber fetched them for two consecutive years. Potato cultivation in Bengal is spread around shut to 4.six lakh hectares.