Thursday, 27 November 2014

Prices of potatoes decline

Prices of potatoes have started declining in retail markets following improvement in its supply from upcountry. Market sources attributed downward trend in potatoes prices to the arrival of fresh crops from Punjab as well as its import from China. The prices of potatoes in retail had remained as high as Rs 70 per kg during last several months, but it has now been reduced to Rs 35 per kg in retail market.

Prices of potato came down from Rs 1050 to Rs 650 per 40 kg bag or around Rs 400 per bag in wholesale. Usually, the prices of potatoes in Pakistan remained in the range of Rs 17 to 25 per kg during the month of March-April each year. However, this year a sudden increase in its prices was witnessed in mid-March when its prices ranged between Rs 30 and 35. Thereafter, its prices were further increased to Rs 70 per kg. Over the years, potato has become an important crop for both farmers and consumers in Pakistan. It is the fourth most important crop in terms of its volume of production. The high yielding crop has nutritional value and gives high returns to farmers.
Copyright Business Recorder, 2014

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