Consumers, Europe, UK, Ireland, Fresh/ Table, Promotion/Marketing, Retail, Trade/Markets/Prices, Trends

Cyprus potato prices sky-rocket due to a shortage

Consumers in Cyprus are complaining about the high price of potatoes, with officials attributing the steep increase to a shortage of spuds in the Cypriot market lasting almost three months now.

Despite reassurances from stakeholders that fresh potatoes will be hitting the market soon to push prices down, spuds have seen their price sky-rocket to €2 per kilo. In September and October, the shortage was created by a drought while early exports left the island with a serious shortage of potatoes with prices in September and October going up to €1.30 and €1.40  respectively.

A senior official at the Ministry of Agriculture said that the absence of potatoes from the market was acutely felt, while prices are currently higher than the same period last year. “Potatoes were sold at around 1.80 euro mid-November 2017, while prices now are closing in on €2,” said the official.

He attributed the high prices to the fact that emphasis was given to exports over the local market. “Coupled with problems caused by the drought, this led to the market being left with very small quantities of potatoes,” said the officer.

Read the full story on Financial Mirror

Editor & Publisher: Lukie Pieterse

 

Feel free to get in touch with Lukie!
He will be most happy to share potato news stories from your country on Potato News Today.
lukie@potatonewstoday.com
lukie5555@gmail.com
Connect on LinkedIn
Follow on Twitter
About us

Follow Potato News Today!

Please enter your email address to receive an alert when we publish a news story. We will NOT share your address with any third parties.

Lockwood Mfg

PULSEMASTER

Dewulf

TOMRA Food