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九月 10, 2009

Potato prices to remain firm till November (India)

With prevailing prices of potato ruling at Rs 18-20 kg, the potato seed companies are expecting the acreage to increase by 5-6% from 16 lakh hectares in 2008-09. Experts say this could double potato seed prices during the rabi season. "For the pas...

九月 02, 2009

West Bengal to buy Potatoes from other Indian States

After its failure to sell potato at Rs 13 a kilo, the West Bengal government has now decided to procure potatoes from other states to keep its price in the state under control."We failed to reach our target,"Agricultural Marketing minister Mo...

八月 31, 2009

West Bengal state government still working to control the price of potatoes

The West Bengal state government has decided to take stern action against hoarders of potato, now that its price has crossed Rs 22 in many markets. The price rise is unjustified as there is a stock of 15 lakh metric tonnes of potato in the state. Thoug...

八月 18, 2009

Month of 'Shraven' causes spike in potato chips consumption in Guyarat

The namkeen and wafer industry in Gujarat, which grosses sales of over Rs200 crore in a year, has received a further boost in the ongoing month of 'Shravan'. Producers of wafers and namkeen products, like Balaji Wafers, Samrat Namkeen and others, expe...

七月 28, 2009

India plans for massive campaign to attract US$ 20bn foreign investment in the food industry

The Ministry of Food Processing Industries, Government of India, is planning massive campaign through Indian Embassies in the foreign countries to attract investment of US$ 20 billion in the food processing industries in the country.According to Minist...

七月 24, 2009

West Bengal state government potato retail counters not a success

Within days of opening shop, the state government’s potato retail counters have come a cropper, with buyers not willing to pay Rs 13 per kg for rotten potatoes when good quality ones are available in the open market for Rs 15 per kg. The result: instea...

七月 14, 2009

Potato is now essential commodity in West Bengal

West Bengal government Tuesday included potato under the essential commodities category to prevent its hoarding and arrest its rising prices, state Finance Minister Asim Dasgupta said. The government issued a notification under the West Bengal Preventi...

七月 13, 2009

El Niño is back, bringing droughts, floods, crop failures and social unrest

El Niño, the warming of the Pacific Ocean that creates chaos in global weather patterns, is on its way back, threatening droughts, floods, crop failure and social unrest. The implications are severe, not just for climate but for the effects on food, w...

七月 13, 2009

Will ITC Foods make its first Profit?

After the initial struggle, ITC Foods is finally making its presence felt through its parent’s distribution muscle.ITC Foods, which entered the market in 2001, is the smallest business in the Rs 23,000 crore ITC Group. But the conglomerate’s eight-year...

七月 13, 2009

Rising potato price eats into profit margins of Indian Potato chips manufacturers

A sudden shortage of potatoes accompanied by sharply higher prices is eroding profit margins for large potato wafer brands and could force several smaller ones to temporarily exit the snack foods market. Prices of chipping potatoes used to make wafers ...

七月 09, 2009

West Bengal government to sell potatoes

Following a steep rise in prices of potatoes, the West Bengal government Thursday announced that it will now sell the tubers at Rs.13 per kg in the markets in and around Kolkata. "The government will directly buy potatoes from the cold storages i...

六月 22, 2009

Frito-Lay India builds warehouse for potato storage in West Bengal

Frito-lay India has decided to set up a state-of-the-art warehouse for storage of potato.“Sourcing chip-grade potatoes remains a challenge. We are establishing a state-of-the-art warehouse, a first in India, near our manufacturing facility in West Beng...

六月 16, 2009

Potato futures remain up on increased demand

Potato futures gained 0.75 per cent in early trade on the Multi Commodity Exchange on Tuesday, maintaining its rising streak for the fourth day in a row, following restricted arrivals and a good demand in the physical markets.

六月 14, 2009

Karnataka farmers shy away from potatoes in fear of blight

Owing to the fear of blight, many farmers are shying away from cultivating potato. Last year, potato was grown on 50,000 hectares of land in the district, but the crop on 35,000 hectares was affected by blight, and farmers lost Rs. 300 crore as a res...

四月 16, 2009

FMC allays fears on rising potato prices

Commodity futures market regulator Forward Markets Commission (FMC) is confident that the skew between spot and futures prices in potato will cease once the diversion from physical markets to cold storage reverses. The regulator had recently asked MCX ...

四月 11, 2009

Potato Prices in Uttar Pradesh double in a week

Potato, the crop which was dumped in fields to rot last year due to over-production has suddenly scaled record heights this season. The increased demand and rampant hoarding by traders has propelled the prices by over 100 per cent over last week.The cr...

四月 10, 2009

Potato Processing Zone to boost tourism for Agra (India)?

Agra is globally known for being the city where one of the seven wonders of the world, Taj is situated. But what has Agra to do with the Potato? A lot, according to a study conducted by the marketing department of Indian Institute of Management, Luckno...

四月 10, 2009

Potato prices double in New Delhi, up in other places

Potato prices have shot up across India and in the northern parts of the country it has almost doubled in the last one month owing to higher demand from the four major producing states, where crops were damaged due to high temperature. In the local re...