India Witnessed 107.73% YoY Surge in Potato Prices in Feb-24 Amid Monsoon Impact and Scarcity Concerns

In Feb-24, potato prices in India surged by 107.73% YoY and experienced a 15% MoM increase. This sharp rise contrasts with the previous year's trend when prices decreased by 68% MoM, causing concerns about potato scarcity among consumers, particularly with the onset of the monsoon, exacerbating inflation nationwide. Furthermore, potato distribution in India faces losses of 6.0% to 13.1%, with recent years showing a slight reduction, highlighting the importance of improved handling and distribution practices to reduce wastage.