Tuesday, 26 July 2016

Volatility Forum: Brexit Adds Uncertainty in Agricultural Markets

Volatility Forum: Brexit Adds Uncertainty in Agric...

    UK agriculture needs to build resilience to market shocks now more than ever, according to t...

The 20th EAPR Conference to Take Place in Versailles Next Year

The 20th EAPR Conference to Take Place in Versaill...

   ARVALIS – Institut du végétal is organizing the 20th Conference of the European Association for ...

INTERPOM | PRIMEURS 2016: Growing through Precision Technology

INTERPOM | PRIMEURS 2016: Growing through Precisio...

  The organizers of INTERPOM | PRIMEURS 2016 have announced the biggest edition ever of the trade...

Utz Foods Acquires Golden Enterprises for USD135m

Utz Foods Acquires Golden Enterprises for USD135m

  Utz Quality Foods Inc., the family-owned Hanover, Pennsylvania-based potato-chip and snack-food comp...

Monsanto Sees Bayer’s Proposal as Financially Inadequate

Monsanto Sees Bayer’s Proposal as Financially Inadequat...

  Monsanto Company has recently announced that its board of directors unanimously views Bayer AG’s rev...

Congress Passes GMO Food Labeling Bill

Congress Passes GMO Food Labeling Bill

  The US Congress has recently sent legislation, backed by the National Potato Council and other agric...

tna's Innovative Seasoning Solution Reduces Lead Time for Snack Producer

tna's Innovative Seasoning Solution Reduces Lead Time f...

  Canadian-based Brandneu Foods has significantly reduced lead times for its popular range of kale chi...

Tummers Develops Washing Line for Fragile Potatoes

Tummers Develops Washing Line for Fragile Potatoes

 Tummers, the machinery provider for potato processing, developed a washing line for the very fragile a...

French Student Develops Hand-held Pesticide Detector, Scan Eat

French Student Develops Hand-held Pesticide Detector, S...

 A 25-year-old French student has won a EUR150k prize from the French Ministry of Agriculture to develo...

Kiremko is the Main Supplier for New Project Linkage Farm Frites in China

Kiremko is the Main ...

   Dutch engineering company Kiremko will be the main sup...

McCain Foods Invests USD65m in Expanding Its French Fries Plant in Canada

McCain Foods Invests...

McCain Foods (Canada) announced a major investment of USD6...

Branston Began the Expansion of Its Potato Processing Plant in Lincoln

Branston Began the E...

The UK potato supplier Branston has begun work on its GBP5...

Processed Potatoes in EU Worth EUR10b in 2014

Processed Potatoes i...

  Processed potatoes (mainly frozen chips and crisps) wer...

Aviko Introduces a Guide for Gluten-free Catering

Aviko Introduces a G...

 The potato processor Aviko is supporting caterers during ...

Government in Venezuela Authorizes Import of Potato Seeds

Government in Venezu...

   The Deputy Minister of Agriculture in Venezuela, José ...

Scientists Reveal Potato Parasite’s “Toolkit"

Scientists Reveal Po...

  An international research collaboration led by the Univ...

Kangaroo Island Potato Producer Wins the “Mini MBA” for Farmers

Kangaroo Island Pota...

 Kangaroo Island potato producer Peter Cooper has been nam...

CEJA President: Losing Young Farmers Puts the Future of European Food Production at Risk

CEJA President: Losi...

  CEJA President, Alan Jagoe, addressed EU agriculture mi...

Researchers Develop Nutrient-rich Purple Potato

Researchers Develop ...

  A group of researchers from CSU have recently developed...

Kharif potato prices are set to remain high after a delayed and deficient monsoon season in India puts pressure on demand.

A recent crop prospect report prepared by the Nasik-based National Horticulture Research and Development Foundation (NHRDF), claims that kharif potato production in Uttarakhand, Himachal Pradesh, Jammu and Kashmir, Karnataka, and Maharashtra has been affected adversely because of lack of rain with greatly reduced stocks for June and July.

The situation has been aggravated by low yields in key potato growing states such as West Bengal, Bihar and eastern UP due to late blight disease. These three states produce more than 50 per cent of the countries total output, which was estimated to be around 24 million tonnes during 2008-9.

It is thought the country's potato consumption is now being met by last year's rabi stocks from Uttar Pradesh, Punjab and Haryana.

Agricultural Marketing Information Network (AGMARK) data also indicated that the wholesale potato price is at present more than Rs 1,900 per quintal in Tamil Nadu as well as north eastern states. Potato futures prices rose by 0.85 per cent on the Multi Commodity Exchange on Thursday as speculators expanded their positions in anticipation of a rise in demand in the spot market amid restricted arrivals.

At MCX, potato futures for October delivery shot up by 0.85 per cent to Rs 1,160 per quintal on Thursday. Similarly, potato for delivery in September month contract gained 0.25 per cent to Rs 1,090.10 per quintal, while August contract rose by 0.13 per cent to Rs 1,024.80 per quintal.

In Uttar Pradesh this year, the estimated stock in the cold storage was in the range of 7-7.2 million tonnes. In Punjab, from total production of 1.4 million tonne, about 40 per cent is stored for seed production and 25 per cent for the table purpose.

According to AGMARK data the wholesale potato prices in the Delhi region have risen by around 49 per cent since May. Prices were at Rs 1,045 per quintal on Friday.

 

Digital edition


Click or tap to view our digital magazine
on your tablet or mobile device.

 x 
Cart empty

Latest Events

Sep 14th 2016 - Sep 15th 2016
Potato Europe 2016
Sep 14th 2016 - Sep 15th 2016
Potato Europe 2016

Trade Media Solutions S.R.L. | 1-5 G-ral David Praporgescu Str., 1st Floor, District 2, 020965 Bucharest, Romania.
Tel: +40 (0) 21 31 590 31  | E-mail: office@mediatrade.ro