Source: Business Standard
With arrivals in the markets, the price reduced to
Rs.1,062.11 in March. Prices have since been increasing again, with heavy demand, low stocks and unseasonal rain in Uttar Pradesh. This month, the average all-India wholesale price has been Rs.1,214.72 a quintal; overall prices are expected to stay firm. While potato is grown in almost all states, the top three producers — Uttar Pradesh, West Bengal and Bihar — account for about 70 per cent of national output. This results in a wide variation in retail prices across the country.
According to data from the ministry of consumer affairs,potatoes currently cost between Rs.11.18 a kg in the east and Rs.19.97 a kg in the south. The east zone has lower prices compared with last year’s prices.
IPM data till week ending May 18. The Indicus Price Monitor (IPM), a product of Indicus Analytics Pvt Ltd, tracks real-time wholesale prices for 60 agricultural products from about 3,000 mandis. Due to differences in methodology, the IPM levels differ from the corresponding wholesale price index. However, broad trends are in sync.