14 September 2023
Despite record potato production, supplies fall short of demand.
POTATO prices are soaring in Bangladesh, even though growers this year grew a record 10.4 mln tons, cutting the buying power of consumers.
Within one week, prices increased by Tk5 per kilogram to a maximum of Tk45 in Dhaka’s markets, as per the Trading Corporation of Bangladesh, which is being blamed on supplies falling short of demand. The current price is 57% higher than that a year ago.
Prices are going up as traders and growers of large-scale operations, who store potatoes in cold storages for sale during the lean season, are taking it slow in releasing their stocks, according to stakeholders.