Potato prices are soaring in Bangladesh, even though farmers this year grew a record 10.4 mln tons, cutting the buying power of consumers. Within one week, prices increased by Tk 5 per kilogram to a maximum of Tk 45 in Dhaka’s markets, as per the Trading Corporation of Bangladesh, which is being blamed on supplies falling short of demand. The current price is 57 percent higher than that a year ago.
Prices are going up as traders and farmers of large-scale operations, who store potatoes in cold storages for sale during the lean season, are taking it slow in releasing their stocks, according to stakeholders.
[ Tk 100 = €0.85 ]
Source: kuenselonline.com