Potato Trading in India
What makes Potato good investment?Potato is the world's fourth important food crop after wheat, rice and maize owing to its great yield potential and high nutritive value and accounts for nearly half of the world's annual output of all root and tuber crops. Thus, with an annual global production of about 300 million tonnes, potato is an economically important staple crop in both developed and developing countries.
Why is Potato a wise investment for an Indian trader?India is ranked third in potato production after China and the Russian Federation. Potato is cultivated in India under highly diversified agroclimatic conditions ranging from sea level to snowline. Potato is mainly a Rabi crop and is grown in UP, Punjab, Haryana, West Bengal, Madhya Pradesh, Bihar, Andhra Pradesh, Tamil Nadu, and Gujarat.
Variations in the domestic average production of potato based on yields and price realization. Upcountry demand of potato from major cities and food processing industries. The potato price tends to firm up during the planting period and eases down during the harvesting period. Potato growers and traders hoard the commodity before selling in expectation of better prices. Potato can be kept in cold storages without spoilage for 6-8 months.
How can Kotak Commodity help me invest in Potato?The Kotak Commodity Gateway Account will give you access to research and trading facilities to conduct Potato trading in India. While SMS alerts and Call & Trade will provide you regular updates on potato Oil prices in India, our expert research will help you make informed decisions. Our brokerage rates are attractive. The best part is that our Gateway account is a lifetime free trading account.
If you are new to online commodity trading, we offer an easy way to understand how to trade commodities. To learn more about Kotak Commodity Gateway Account, please click here.
Useful Links - NCDEX | MCX | NYMEX | KITCO | CBOT | CME | AGMARKNET | WORLD GOLD | FMC | KYC Regulations
BCE/TCM/CORP/0021, BCE Trading Member Id: 545, NCDEX/TCM/CORP/0479, NCDEX Trading Member id 00155, MCX/TCM/CORP/0479, MCX Trading Member Id 10440, NCDEX Spot Trading Member Id: 10040, SEBI registration no - INZ000044135