1. Commodity News

Cold Storage of Potatoes in Bengal to Balance Demand & Supply

Tooba Maher
Tooba Maher

Mamata Banerjee Government has taken the initiative to store potatoes in cold storages nearly free of charge in the month of December, which is likely to maintain retail prices at a stable level even in February-March. 

According to trade sources, “The state has produced 100 lakh tonnes of potatoes this year. The state government has already issued a notification in this regard, stating that potatoes can be kept in the cold storages till December 15 without paying any additional rent and beyond this period till December 31 at an extra rent at the rate of Rs 12 per quintal could be charged from the users of the cold storages.” 
It may be mentioned that in the end of November, cold storages are closed for routine maintenance work for the next year. 

So, a huge amount of potatoes are dispatched to the market which is much more than the demand. Thus the farmers are forced to go in for distress sell of their produce. The retail price has dropped to Rs 2.50/kg in December 2016 which results in huge losses for the farmers. 

Bengal Chief Minister, Mamata Banerjee has instructed Government Officials to keep the potato prices under control. 

A Senior Government Official said, “Every year the price of potatoes start soaring steadily in January and February. So this time the government has decided to extend the storage facility till another month, which will create a supply-demand balance. This will ensure parity in the market price." 

Like this article?

Hey! I am Tooba Maher. Did you liked this article and have suggestions to improve this article? Mail me your suggestions and feedback.

Share your comments

Subscribe to our Newsletter. You choose the topics of your interest and we'll send you handpicked news and latest updates based on your choice.

Subscribe Newsletters