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Stock Market Tips, Dumping of potato in Agra and other parts of UP as prices slump
Barring some centres, the price quoted is Rs 4-5.5 a kg across the country, against a cost of production of around Rs 5 a kg
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Stockists and warehouse keepers in Agra district of Uttar Pradesh are dumping potato at 20-25 paise a kg, to clear cold storage space of inventory not being claimed. Farmers and stockists are reportedly finding the value not worth the cost of transport from warehouses to wholesale markets.
There are, consequently, reports of dumping on the roads. And, on fields before tilling for the next crop, for use as biofertiliser.
The problem is reportedly similar elsewhere in the country. Barring some centres, the price quoted is Rs 4-5.5 a kg across the country, against a cost of production of around Rs 5 a kg.
“Farmers and stockists do not have any option but to take out their entire quantity from cold storages, which require to be cleaned before the beginning of the next arrival season from mid-February. Since they require six weeks for hygienic cleaning and maintenance, cold storage owners want to evacuate the entire storage before December 31. So, both farmers and stockists are in deep distress here,” said Vishal Jain, owner of Viraj Traders, a potato stockist in Agra.
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