Potato prices in Bangladesh may rise above Tk50/kg this year: Cold Storage Association

Consumers might have to buy potatoes for over Tk50 per kg this year due to low production, said the Bangladesh Cold Storage Association. "Last year potatoes that were stored in cold storage were bought for Tk8-12 per kg. The potatoes that are being stored this time are bought for Tk25-30 per kg from farmers. The prices will be much higher when these potatoes hit the market," said Bangladesh Cold Storage Association President Mostafa Azad Chowdhury during a "meet the press" organised by the association along with Saver International Limited at Paltan in the capital On Thursday (28 March). He said due to the effects of climate change, natural calamities and diseases, the production of potatoes has decreased by at least 20% this year. At the same time due to the financial crisis and market volatility, the farmers harvested at least 30% of the potatoes early and sold them in the market as they were getting good prices, Mostafa said. Cold storages in Munshiganj have stored 30% less ...