Sunday, 28 December 2014

Prices of potato, onion begin to soften up

Price of potato and onion has started softening in retail markets with the improvement in the supplies from upcountry. The prices of potato and onion register a downward trend during the previous fortnight due to arrival of fresh crop from upcountry. The price of potatoes remains high at above Rs 70 per kg in retail for several months and now it was offered at Rs 25 per kg in retail markets.

Likewise onion price register fall from Rs 40 per kg to Rs 16 per kg in last couple of days. Price of tomato also slides down from Rs 80 per kg to Rs 30 per kg. Price of carrot remain at Rs 50 to Rs 60 pr kg, okra Rs 80 to Rs 100 per kg, eggplant Rs 60 per kg, cucumber Rs 70 per kg, peas Rs 70 to Rs 90 per kg, spinach Rs 50 per kg green chilly Rs 20 per 100 gram and garlic Rs 120 per kg, kinnow Rs 60 to Rs 103 per dozen depending on its size and quality, apple Rs 80 to Rs 100 per kg, banana Rs 60 to 80 per dozen, lemon Rs 40 to Rs 80 per kg and pomegranate Rs 200 per kg.

Historically, the price of potato in Pakistan remained in the range of Rs 17 to 25 per kilogram during the month of March-April every year. Over the years, potato has become an important crop for both farmers and consumers in Pakistan. It is the fourth most important crop by volume of production; it is high yielding, having a high nutritive value and gives high returns to farmers.
Copyright Business Recorder, 2014

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