Potato prices, which have shot up 60 per cent since October, may cool off in the next ten days as arrivals from Uttar Pradesh, the largest producer of the tuber in the country, are expected to increase substantially.
Unseasonal rains since October in the potato growing areas of Punjab, Uttar Pradesh and West Bengal had damaged the crop and slowed down harvesting, resulting in a price hike. Wholesale prices, which are hovering around Rs 20 per kg, are likely to come down to Rs 15 per kg Â
Unseasonal rains in October had damaged the crop and also slowed down sowing of the new crop,â€ Arvind Agarwal, secretary, Cold Storage Association of Uttar Pradesh, told ET.
â€œThis had resulted in prices moving up. Things were getting normalised since the beginning of this month. But again in the last three to four days there has been a downpour which has affected harvesting. However, we are hopeful that things will improve over this week and arrivals will increase.â€