Delhi potato steady as supply down
In Delhi, the benchmark market for potato, prices and arrivals remained unchanged. At Azadpur market in Delhi, prices were unchanged at 1,000-1,400 rupees per 100 kg, and arrivals were steady at 115 trucks, each carrying 15-20 tn of the vegetable. At Mumbai’s Vashi market, prices and arrivals were unavailable as the market was shut on account of Janmashtami.
The government has cut its estimate for the country’s potato output for 2017-18 (Jul-Jun) to 48.5 mln tn, down 3.6% from 50.3 mln tn projected in May. According to the third advanced estimate released recently, potato output is seen falling a marginal 0.2% on year. The fall in potato output can be attributed to the decline in area under the vegetable. Potato was sown across 2.15 mln ha in 2017-18 compared with 2.18 mln ha a year ago. The government has, however, raised its estimate for onion output for 2017-18 to 22.1 mln tn from 21.8 mln tn pegged earlier. The estimate is still down 1.6% on year. In 2016-17, Indian farmers harvested 22.4 mln tn of onions. While the government has cut its estimate for total vegetable output to 179.7 mln tn from 182.0 mln tn projected in May, the output view is 0.9% higher on year. The estimate for total fruits output has been raised to 97.1 mln tn from 94.4 mln tn pegged earlier. It is also 4.5% higher on year. The government has revised downwards its projection for the combined output of the 17 items in the spices basket to 8.4 mln tn from 8.5 mln tn pegged earlier. For total horticulture crops, the government has lowered the output estimate for 2017-18 by 0.1% from its May estimate to 306.81 mln tn. Despite the lower estimate, horticulture output is still seen 2% higher than last year’s 300.64 mln tn.
Prices of potato in Delhi remained unchanged as a likely gain from lower arrivals was negated by lower demand for the commodity. In Delhi, arrivals were pegged at 138 trucks, each carrying 15-20 tn of the commodity, down 2 trucks. Prices were steady at 1,560-1,650 rupees per 100 kg.
Prices of potato fell in Mumbai due to increase in arrivals. At Vashi market in Navi Mumbai, arrivals of potato were 110 trucks, each truck carrying 15-20 tn. Arrivals increased as the week-long transporters’ strike has ended. Potato was sold in the range of 1,200-1,600 rupees per 100 kg. In Delhi, potato prices were more or less stable in the range of 1,200-1,400 rupees per 100 kg even as arrivals rose to 131 trucks from 110 trucks on Friday. Prices of potato are likely to soften as supply of the new crop starts rising in the coming months.