As potato prices in Bangladesh surge past the government-set maximum retail price of Tk 36 per kg, the government is contemplating potato imports to stabilize the market. Despite the government’s intervention, Dhaka city witnesses prices ranging from Tk 48 to Tk 55 per kg, while production hubs still remain Tk 5-10 above the designated rate.
The Directorate General of National Consumers Right Protection (DNCRP) attempted market raids and price reviews, which successfully lowered egg prices but failed to calm potato costs. To address the issue comprehensively, the directorate held meetings with stakeholders and discussed the possibility of imports.
In contrast, Indian potato prices stand significantly lower, making imports an attractive option. Experts suggest that a joint decision by the agriculture and commerce ministries is crucial, especially with the upcoming harvest season. Bangladesh, ranking seventh in global potato production, currently boasts a production of 10.4 million tonnes, surpassing local demand, with exports exceeding 0.1 million tonnes.
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