why the price of potato increased or decreased?write the reason?
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This is due to rising demand from bulk consumers.
Harvesting is currently in full swing, with around 30 per cent of India's crop taken out of the field. Bulk consumers have started storing good quality potato for use through the year. Generally, bulk consumers, including chips manufacturers, corner the early harvest crop to store in their "temperature maintained" warehouses resulting in a sudden spurt in its demand.
Bulk consumers take advantage of the lower price for storing early harvest crop for its use through the year. Apparently, potato stored in normal warehouses loses starch over a period of time, due to gradual rise in temperature. Such potato is not fit for chips manufacturing. Hence, bulk consumers build inventory normally in the early harvesting season when moisture content remains high in potato," said Ramchandra, a Vashi-based trader
About 60 per cent of the crop being harvested is supplied to warehouses. The rest goes to mandis for sale. At the Vashi APMC, around 300 tonnes of daily arrival meets demand from local as well as nearby consumption markets. Hence, the price has remained almost rangebound so far this month.
Harvesting is currently in full swing, with around 30 per cent of India's crop taken out of the field. Bulk consumers have started storing good quality potato for use through the year. Generally, bulk consumers, including chips manufacturers, corner the early harvest crop to store in their "temperature maintained" warehouses resulting in a sudden spurt in its demand.
Bulk consumers take advantage of the lower price for storing early harvest crop for its use through the year. Apparently, potato stored in normal warehouses loses starch over a period of time, due to gradual rise in temperature. Such potato is not fit for chips manufacturing. Hence, bulk consumers build inventory normally in the early harvesting season when moisture content remains high in potato," said Ramchandra, a Vashi-based trader
About 60 per cent of the crop being harvested is supplied to warehouses. The rest goes to mandis for sale. At the Vashi APMC, around 300 tonnes of daily arrival meets demand from local as well as nearby consumption markets. Hence, the price has remained almost rangebound so far this month.
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