Growth Performance and Price Forecasting of Potato -An Economic Analysis
2014
Kumarasamy, N. | Sekar, C.
Potato is an important tuber crop which is grown in 150 countries and consumed by more than one billion people throughout the world. India produced 447 lakhs tonnes of potato from an area of 19.65 lakh hectares in 2012–13. The area and production of potato were 4860 hectares and 97,200 tonnes, respectively in Tamil Nadu during 2012–13 according to the statistics given by National Horticultural Research and Development Foundation (NHRDF, 2012–13). The study analyses the growth rates of area, production and yield of potato, seasonal index and forecasting of potato price in major markets in India and Tamil Nadu. The analysis showed that during the last decade, the growth rate of area of potato was positive in India but showed a decreasing trend in Tamil Nadu. The Seasonal index of Potato price revealed that the price was higher during May to November. Results of the forecasting models indicated that the prices in Hassan (Karnataka) was relatively higher (Rs 1700–2000/quintal) followed by Kolkata and Delhi markets (Rs 1200–1500/quintal). In Tamil Nadu especially in Mettupalayam markets, the analysis of 23 years of data on prices of potato revealed that prices of good quality potato was be around Rs 1133 to Rs. 1172 per 45 kg during September to December, 2014. In the near future, there are remote chances for the prices to increase, because of sustained demand. It is recommended that farmers should sell potato upon harvest without storing.
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