News

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

Fresh Common Potato
Vegetables
Bangladesh
Sustainability & Environmental Impact
Market & Price Trends
Published Mar 29, 2024

Tridge summary

The Bangladesh Cold Storage Association has issued a warning that potato prices might soar above Tk50 per kg this year due to a 20% drop in production, caused by climate change, natural disasters, and diseases. This situation is exacerbated by a financial crisis and market instability, prompting farmers to prematurely sell 30% of their crop. Cold storage facilities in Munshiganj, Thakurgaon, and Rangpur have reported a significant decrease in potato storage. The association is urging the government for low-interest loans to invest in cold storage for various products to bolster food security. Additionally, a three-day exhibition by the Bangladesh Cold Storage Association and Saver International Limited is set to take place from 16 May at ICCB in Bashundhara, aiming to showcase the importance of cold storage in the supply chain.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

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 ...
Source: TBS
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.