Potato price edges up in retail market

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On 1 July, the potato was priced at K820 per viss in the wholesale market, whereas it dramatically rose to K1,270 per viss at the end of July. The price keeps rising in the retail market.

The price of potatoes remains in the bull market and touched a high of K1,400-2,700 per viss (a viss equals 1.6 kilogrammes) in the domestic market, as per the price data of the retail market.
Normally, the price of potatoes rises in the monsoon season. This year, potato prices remain in the upward trend.
On 1 July, the potato was priced at K820 per viss in the wholesale market, whereas it dramatically rose to K1,270 per viss at the end of July. The price keeps rising in the retail market, said a trader.
Additionally, tracking the strict restriction measures to contain the COVID-19, the prices of commodities fluctuate in the domestic market.
Last year, flooding the market with a bulk supply resulted in a price drop. Nevertheless, this staple food potato is highly demanded this year amid the COVID-19 consequences, causing the price to rise significantly.
There are over 90,000 acres of potato plantations across the country. About 600,000 tonnes are produced yearly. Local potato consumption is estimated at 350,000 tonnes.— KK/GNLM

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