Why potato price surging despite surplus production in Bangladesh

Published 2023년 9월 11일

Tridge summary

The price of potatoes in Bangladesh has been increasing despite claims of a surplus in potato production this year by government agencies. The Bangladesh Cold Storage Association has argued that there is a discrepancy in data about the quantity of potato production and that the actual production is lower than reported. Farmers and traders have suffered losses, leading to a decrease in potato production, and the association suggests that the Ministry of Commerce should purchase potatoes at market prices to stabilize the market.

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Original content

The price of potatoes has been rising in the country for a month now despite two government agencies claiming more than 1 crore tonnes of production this year, which is higher than the annual demand. But the Bangladesh Cold Storage Association has claimed that there is a data mismatch about the quantity of this year's potato production by two government agencies and that the production has been less. According to the Department of Agricultural Extension (DAE), around 1.12 crore tonnes of potatoes were produced this year but the Bangladesh Bureau of Statistics (BBS) said the production is 1.04 crore tonnes. The Cold Storage Association at a press conference yesterday (September 10) claimed that only 85 lakh tonnes of potatoes have been produced this year. Association's President Mostafa Azad Chowdhury Babu said the annual demand for potatoes in the country is around 90 lakh tonnes and some cold storage owners and traders are creating instability in the potato market by taking ...

Source: TBS