POST HARVEST PROFILE OF POTATO - Agmarknet

Quality Specification : Dull, Skin blemishes, Cut , Crack (cutand cracked not exceeding 3% max),Sprouted (Sprouted content notexceeding 1% max and Sprout lengthmore than 2 mm only to be considered asSprouted), Black scars and GreenPotatoes15% basisSoil (kgs per bag)1 kgs Max per 51Kgs bagThe potatoes should be firm and the skinshould be mature and thickQuantity Variation : +/-10%Delivery Center : DelhiAdditional delivery centres : Agra, Hapur and Jalandhar (For all the centers up to theradius of 50 kms from the municipal limits)Hours of Trading : Mondays through Friday - 10:00 AM to 5:00 PMSaturdays - 10.00 AM to 2.00 PMThe Exchange may vary the above timing with due noticeDelivery specification : Upon expiry of the contract, all outstanding open positionswould result in compulsory delivery. A penalty of minimum 5%(of final settlement price) would be imposed on longs and/orshorts on failure of delivery obligationDelivery Logic : Compulsory DeliveryOpening of contracts : Trading in a new month contract will open on the 10th day ofthe month in which the near month contract is due to expire. Ifthe 10th day happens to be a non-trading day, contracts wouldopen on the next trading dayDue date/Expiry date : 20th day of the delivery month. If 20th happens to be aholiday; a Saturday or a Sunday then the due date shall be theimmediately preceding trading day of the Exchange, which isnot a SaturdaySource:www. ncdex. com(II) Multi Commodity Exchange of India Limited (MCX) : Recognized by thecentral government started the online trading of potatoes from September 16, 2006 tobenefit farmers who often resort to distress sales. The potatoes are sold under thebrand name Tarakeswar Alu though the crop would be procured from Hooghly (whereTarakeshwar is located) as well as Burdwan, Howrah and other districts of the WestBengal. The Tarakeshwar brand potato is popular for Kufri Jyoti variety grown in WestBengal. Online trading brings parity in prices across the country and benefit both for thefarmers and the traders. According to a study by MCX, there is scope for a big turnoverin potato trade annually. The Kufri Jyoti variety is produced in abundance andhence, it chosen for online sale. MCX is appoints brokers area wise for the online trade.MCX is a joint venture of the Financial Technologies (I) Ltd., State Bank of India and itsassociates, National Bank for Agriculture and Rural Development (NABARD), NationalStock Exchange of India Ltd. (NSE), Fid Fund (Mauritius) Ltd. Etc.Source: www. teleguportal. net57