The interim government of Bangladesh has set the minimum price of potatoes at about US$0.19 (Tk 22) per kg at cold storage gates and announced plans to purchase 50,000 metric tons for storage. The stock will be released to the market in October–November 2025, according to a statement from the Ministry of Agriculture issued on Wednesday.
The ministry noted that recent potato prices have not aligned with production costs, causing losses for farmers. To protect growers' interests and ensure a fair price, a review committee was formed under the direction of the chief advisor.
The committee, led by the agriculture secretary and including the commerce, food, and finance secretaries, made recommendations that resulted in three measures. These include setting the minimum price of potatoes at Tk 22 (US$0.19) per kg at cold storage, purchasing and storing 50,000 metric tons for release later in the year, and providing incentives for farmers in the next production season.
The statement added that the relevant ministries will take steps to implement these decisions.
Source: bdnews24