In a recent update from Farruukhabad, Rinku Verma, President of the Potato Arhatiya Association, has shared insights on the current potato market situation:
New Potato Arrival and Pricing
- New potatoes have entered the market, sourced primarily from Punjab.
- The retail price for new potatoes ranges from 50 to 60 rupees per kilogram.
- Despite the arrival of new potatoes, prices of old potatoes have remained stable.
Local Potato Production
- Potato is a major crop in the district.
- This year’s early potato crop was sown later than usual.
- Consequently, the new local potato crop is not yet ready for harvest.
Cold Storage Inventory
- Initially, 862,991 metric tons of potatoes were stored in 107 cold storages across the district.
- 93.5% of this stock has been withdrawn.
- Currently, 56,525.96 metric tons of potatoes remain in cold storage.
Market Preferences and Pricing
- Old potatoes were retailing at 30 rupees per kilogram before Diwali.
- Despite new potato arrivals, old potato prices have not decreased.
- Consumers are showing a preference for old potatoes when purchasing vegetables.
- This sustained demand is keeping old potato prices stable.
The market dynamics reflect a continued preference for old potatoes among consumers, despite the introduction of new stock from Punjab. This trend is maintaining price stability for old potatoes in the Farruukhabad market.
