It is reported from Indore city in the Indian state of Madhya Pradesh (southwest India) that potato prices have shot up by close to 30 per cent because of higher demand from chips manufacturers amidst thinning supplies.
Daily supplies of potato have dropped and will shrink further as they are making ways to cold storage for stocking.
Devi Ahilyabai Holker Harisabzi Vayapari and Commission agent Association president Mohan Singh Goud said, “Daily arrivals of potato have come down and will keep decreasing in coming weeks. Farmers have started stocking potatoes in cold storage to increase shelf life.”
According to dealers from Choithram mandi, potato prices have climbed to Rs 13 per kg as against Rs 10 per kg about two weeks ago. Potato dealers said purchases for large size chips quality potato have gone up from chips manufacturers.
Pradyumna Singh, procurement manager at an agri firm said, “We have increased procurement of potato by about 10 percent because demand is there and to meet it our purchases have gone up.”
Indore is a huge market for savouries and potato items manufactured in region. They are sold in other states such as Rajasthan, Gujarat, Maharashtra and Southern India.
Large size table potatoes are exported from the region while medium and small size potatoes are used for making chips, namkeen and other salty savouries.
Daily supplies of potato have dropped to 30,000 bags to 35,000 bags (55 kg each) as against 50,000 bags the last months, according to potato dealers.