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Store Potato and sell in May

   Store Potato and sell in May

Potato is popularly known as the ‘king of vegetables’ and a native of South America. It has now become an indispensable part of Indian cuisine. Potato is the world's fourth important food crop after wheat, rice and maize because of its higher yield potential and high nutritive value. Potato occupied 19.24 million hectares of world area with a production of 374.38 million tons during 2011-12. India produced 41.565 million metric tonne (mMT) of potato from an area of 18.87 lakh hectares (2011-12). The top five producers in the world are China (74.8 mMT), India (41.565 mMT), Russia (21.1 mMT), Ukraine (18.7 mMT) and US (18.3 mMT).

The major countries to which India exports potato are Nepal (32.1%), Sri Lanka (30.4%), Russia (18.6%), Malaysia (5.8%) and Mauritius (4.9%). The leading potato producing states in India are Uttar Pradesh (32%) followed by West Bengal (30%), Bihar (14%), Punjab (5%) and Gujarat (4%). These Five states constitute about 85% of the total domestic potato production and Karnataka adds a small amount (1.28%). The major kharif potato growing districts in Karnataka are Hassan (more than 41%), followed by Chikmagalore, Belgaum, Dharwad and Kolar, while Rabi potato is taken up in Bangalore Rural, Kolar, Chikkaballapura and Belgaum districts.

The rabi potato is being harvested and ready for sale in Chikkaballapur market. To help the farmers in taking a right decision on whether to sell or store the produce, an analysis of prices was undertaken. The NAIP – Market Intelligence Center of University of Agricultural Sciences, Bangalore collected data on potato prices that prevailed in Chikkaballapur market for the last eleven years & econometric analysis was carried out to predict the prices of potato for the next three months.

The results of the analysis revealed that the prices are expected to be Rs. 750-1000 per quintal in the month of March, Rs. 800-1100 in the month of April and Rs. 1155-1350 in May. Hence farmers are recommended to store the harvested potato and sell in May 2013. This forecast prevails for current market sentiments.

Research team

Dr.C.P.Gracy, Jyoti Naik, Nagashree,N.

Department of Agricultural marketing co-operation and business Management

UAS, GKVK, Bangalore-65

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Please note that this is the opinion of the author and is Not Certified by ICAR or any of its authorised agents.