Due to the price reduction, potato farmers are running out of profit.
Almost half of the 67,000 hectares of Munshiganj district is fruitful to cultivate crops. Around 13 lakh tonnes of potato were produced on 37,850 hectares of land in the district this year, about five lakh of which was placed in cold storages.
The selling price of potato stoods Tk 12 per kilogramme (kg) at the wholesale level while the retail price is around Tk 16 per kg. Stockists who held back their stocks claim to be suffering losses of between Tk 600 to Tk 650 per 50 kg considering current prices.
Department of Agricultural Marketing (DAM) of Munsiganj said potato traders were incurring losses of between Tk 120 to Tk 200 per 50 kg.
Due to the surplus of the potato, the price is not high this time. As a result, this is causing problems for stockists, farmers remain unaffected,
The manager of the Kadam Rasool cold storage in Munshiganj city, said this year profit is either midget or no profit.
Nota bene, potatoes cannot be kept in cold storage for longer than three to four months, after which the crop must be discarded. Sometimes, the cost of cold storage is being unable to pay for the potato owners.
The popular root vegetables were ploughed and saw good prices last year. Farmers hoped for similar profits this season by storing them but unfortunately are now suffering losses.
Source: The Daily Star