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					Potato Fundamentals


  Global and Indian production, Imports and exports of potato (in million
                                 tonnes)
World                  2004/05 2005/06 2006/07 2007/08 2008/09
Production               331.21     319.86    299.33     309.34         NA
Imports                   9.09       9.11      9.57        10.3         NA
Exports                   9.05       8.93      9.74        10.5         NA

India
Production                  26.34       26.88      27.02      30.44      31.46
Exports                   0.006       0.007      0.009        0.008      0.017


Average daily volatility
of MCX spot prices
Potato Agra                      -      0.94%      2.78%     1.06%             -
Potato Tarkeshwar                -      1.21%      7.21%     3.20%             -
Source: FAOSTAT, India’s imports are negligible; Indian production & exports
data are sourced from National Horticulture Research & Development


 Global Yearly Production of Major potato producing countries
                 (production in million tonnes)
Country                2004/05 2005/06 2006/07 2007/08
China                    72.25      70.91     54.07    56.19
Russia                   35.91      37.28     38.57    36.78
Ukraine                  20.75      19.46     19.47     19.1
United States            20.68      19.23     19.71    20.37
Others                  158.53     149.35     143.6   154.78
World Total             331.21     319.86    299.33   309.34
Source: FAOSTAT
Potato Prices


                MCX Spot Agra (Rs/qtl)   MCX Spot Tarkeshwar (Rs/qtl) Other markets monthly average spot price

          Monthly Month’s Month’s Monthly Month’s Month’s               Ajmer     Bikaner
Month     Average High      Low       Average High      Low
  Apr-04         NA      NA        NA        NA      NA        NA         340.6      394.6
  May-04         NA      NA        NA        NA      NA        NA         462.7      447.1
  Jun-04         NA      NA        NA        NA      NA        NA           463      433.3
   Jul-04        NA      NA        NA        NA      NA        NA         488.2      461.1
  Aug-04         NA      NA        NA        NA      NA        NA         510.8        500
  Sep-04         NA      NA        NA        NA      NA        NA         557.1      493.4
  Oct-04         NA      NA        NA        NA      NA        NA         540.6      481.3
  Nov-04         NA      NA        NA        NA      NA        NA         483.3        425
  Dec-04         NA      NA        NA        NA      NA        NA         312.5      209.1
  Jan-05         NA      NA        NA        NA      NA        NA         332.5      239.6
  Feb-05         NA      NA        NA        NA      NA        NA         297.1      272.9
  Mar-05         NA      NA        NA        NA      NA        NA         259.6      294.4
  Apr-05         NA      NA        NA        NA      NA        NA         353.6      426.9
  May-05         NA      NA        NA        NA      NA        NA           415      448.2
  Jun-05         NA      NA        NA        NA      NA        NA         445.3        460
   Jul-05        NA      NA        NA        NA      NA        NA         445.8        480
  Aug-05         NA      NA        NA        NA      NA        NA           469      453.1
  Sep-05         NA      NA        NA        NA      NA        NA         425.4      403.1
  Oct-05         NA      NA        NA        NA      NA        NA         481.8        455
  Nov-05         NA      NA        NA        NA      NA        NA         823.1        675
  Dec-05         NA      NA        NA        NA      NA        NA         576.9        625
  Jan-06         NA      NA        NA        NA      NA        NA           420        500
  Feb-06         NA      NA        NA        NA      NA        NA           425      512.5
  Mar-06      655.6   670.5     617.9        NA      NA        NA         437.5      512.5
  Apr-06      584.5     624     561.5        NA      NA        NA         451.8      587.5
  May-06      555.6   567.7     541.1        NA      NA        NA           475      609.4
  Jun-06      542.6   549.2       538        NA      NA        NA         532.5      579.6
   Jul-06     543.4   549.8     537.8        NA      NA        NA         552.1      602.8
  Aug-06      560.6     576     541.5        NA      NA        NA         559.6      606.3
  Sep-06      664.7   725.9     592.6     464.3   475.6     449.5         583.3        670
  Oct-06        752   888.9     720.2     481.8   503.7     463.8         664.3      844.4
  Nov-06         NA      NA        NA     463.5   494.6       424           650        675
  Dec-06         NA      NA        NA        NA      NA        NA         331.3        325
  Jan-07         NA      NA        NA        NA      NA        NA         258.3      352.8
  Feb-07      610.6     615     605.6     558.4   564.7     548.7         373.1      434.6
  Mar-07      597.4   651.6     516.5       603   626.1     577.5         403.6      526.9
  Apr-07        541   552.7     508.8       576   600.4       545         393.1      600.6
  May-07      554.8   561.2     552.7     604.1     631     585.9         479.4      611.7
  Jun-07      580.3   603.9     562.6     619.5   648.9     593.3         640.8        700
   Jul-07     619.8     627     604.2       640   658.8     631.4         713.5      702.6
  Aug-07      624.6   628.3     619.8     631.8   639.3     624.8         758.3      733.3
  Sep-07      623.1   630.1       619     625.6   636.2     621.2         718.1      746.2
  Oct-07      638.2   641.5     630.7     613.1   643.2     308.5         713.2        800
  Nov-07         NA      NA        NA     642.7   647.9     639.1         723.6      790.9
  Dec-07         NA      NA        NA        NA      NA        NA         544.6      507.5
   Jan-08        NA           NA          NA         NA         NA         NA        476.6        408.3
   Feb-08        NA           NA          NA         NA         NA         NA        429.7        477.5
   Mar-08      557.2       643.2       489.9      379.7     454.5       340.9        443.4        434.6
   Apr-08      481.8       489.4       473.1      285.4     306.8       262.1        433.9        411.4
   May-08      460.9       474.2       444.5      311.3     338.9       287.3        423.5        463.6
   Jun-08      427.4       444.3       393.5      264.6     284.3       246.8        472.2           NA
    Jul-08     372.5       392.9       340.7      249.5     267.5         231        456.3        383.3
   Aug-08      356.1       383.2       344.6      224.7     242.2       215.7        464.7        392.3
   Sep-08      399.8         409       386.8      225.4     228.7       222.5           475       403.9
   Oct-08      392.9         407         384      225.8     241.8       213.5        438.6          400
   Nov-08      356.6       390.5         317      232.5     251.6       213.5        454.2        354.2
   Dec-08      321.8         325         320      240.6     249.6       235.6        394.6        341.7
   Jan-09        NA           NA          NA         NA         NA         NA        333.3        254.2
   Feb-09      599.6       599.6       599.6      687.8     687.8       687.8        321.2        265.4
   Mar-09      636.3       672.7       601.3      718.5     774.4       648.3        403.6        393.2
Source: MCX, Agmarknet & Ministry of Commerce and Industry; Potato futures were suspended from trading between May 7, 0
^Aggregate volume in all contracts during the month; ^^Cumulative open interest in all contracts at the end of month; NT - Not t
Available
arkets monthly average spot prices (Rs/qtl)

              Jaipur     Belgaum Dharwad WPI of
                                          Potato
                 319.4       434.2  437.2     128.2
                 412.3         480  498.8     163.1
                 425.9         499    510     184.7
                 430.4         520    527       183
                 489.8       591.5  647.7     200.6
                 505.8       522.8  521.4       223
                 465.8       513.3  563.4     229.1
                 315.3          NA  499.8     191.5
                 195.8          NA    350     126.7
                 199.3       417.1  388.9     127.7
                 210.5       391.5  370.6     138.3
                 257.7       363.4  361.5     141.5
                 345.3       422.8  463.2     174.2
                 412.1         515  578.4     192.1
                 399.8       565.1  573.3     194.7
                 409.1         586  560.2     201.2
                 382.4       540.8  519.7     198.4
                 386.8         423  383.3     193.8
                 466.4       492.5  474.1     196.2
                 753.1       533.3  583.1     238.1
                 592.9       735.7  803.1     232.9
                 429.1       769.9  743.7     200.3
                 433.3       584.2  638.5     178.6
                 461.1       526.8  577.5     194.2
                 487.9       489.6  581.3     192.7
                 508.6       578.2  647.1     202.4
                 505.3       585.4  671.7     244.4
                 510.7       663.3  683.6     255.1
                 561.4         598  611.3     262.4
                 658.7       579.8  587.5     293.8
                 773.1       612.1  595.5     325.7
                 625.1         627    561     314.3
                 394.5       658.5  664.1     209.8
                 266.3       590.8  599.7     166.3
                 343.1       588.7  577.8     162.7
                 378.3       557.7  653.5     190.2
                   404       560.6    715     202.7
                   422       622.4  780.7     227.4
                 536.4       719.7  861.4     257.5
                 570.4         750    900     279.2
                 593.4       748.8  852.5     289.5
                 609.3       713.3  847.8     291.3
                 678.1       760.5  953.3     296.3
                 614.2       815.5    658     285.4
                 519.4       836.7  824.5     260.2
                     414      618.3       626.6       246.7
                     410      572.2       579.4       216.6
                   375.5      496.1       883.7       226.1
                   293.8      401.8       478.1       214.9
                   311.6      428.8       540.7       214.1
                   324.3      490.4       560.3       211.3
                     270         597      517.3         231
                   261.7      566.7       530.5       237.3
                   321.1      577.9       545.9       241.4
                   328.3      641.7       454.4       243.6
                   253.3      668.5       472.1       240.9
                   198.2      662.8       401.4       195.8
                   231.7      634.5         528         177
                   281.1      534.6       487.5       178.1
                   444.6         520      591.6       201.9
ended from trading between May 7, 08 to Dec 3, 08
tracts at the end of month; NT - Not traded, N/A - Not
Potato Trading Activity


Month                    Monthly MCX Futures Prices (Rs/qtl)                          Monthly MCX Futures Prices (
                                      Agra                                                      Tarkeshwar
            Open       High     Low      Close       Volume       Open Open         High
                                                     in lots^    Interest
                                                                in lots^^
  Apr-04          NT          NT        NT        NT       NT           NT     NT          NT
  May-04          NT          NT        NT        NT       NT           NT     NT          NT
  Jun-04          NT          NT        NT        NT       NT           NT     NT          NT
   Jul-04         NT          NT        NT        NT       NT           NT     NT          NT
  Aug-04          NT          NT        NT        NT       NT           NT     NT          NT
  Sep-04          NT          NT        NT        NT       NT           NT     NT          NT
  Oct-04          NT          NT        NT        NT       NT           NT     NT          NT
  Nov-04          NT          NT        NT        NT       NT           NT     NT          NT
  Dec-04          NT          NT        NT        NT       NT           NT     NT          NT
  Jan-05          NT          NT        NT        NT       NT           NT     NT          NT
  Feb-05          NT          NT        NT        NT       NT           NT     NT          NT
  Mar-05          NT          NT        NT        NT       NT           NT     NT          NT
  Apr-05          NT          NT        NT        NT       NT           NT     NT          NT
  May-05          NT          NT        NT        NT       NT           NT     NT          NT
  Jun-05          NT          NT        NT        NT       NT           NT     NT          NT
   Jul-05         NT          NT        NT        NT       NT           NT     NT          NT
  Aug-05          NT          NT        NT        NT       NT           NT     NT          NT
  Sep-05          NT          NT        NT        NT       NT           NT     NT          NT
  Oct-05          NT          NT        NT        NT       NT           NT     NT          NT
  Nov-05          NT          NT        NT        NT       NT           NT     NT          NT
  Dec-05          NT          NT        NT        NT       NT           NT     NT          NT
  Jan-06          NT          NT        NT        NT       NT           NT     NT          NT
  Feb-06          NT          NT        NT        NT       NT           NT     NT          NT
  Mar-06         642         757       612       662    26682        1192      NT          NT
  Apr-06         668         675     576.2     586.1    28061        2887      NT          NT
  May-06       586.1       642.8       551       553    68644        4760      NT          NT
  Jun-06       552.5         584     533.3     549.6    44662        4738      NT          NT
   Jul-06        547       556.4     522.1     539.4    40902        5619      NT          NT
  Aug-06       536.1       613.8     536.1       592    95004        3963      NT          NT
  Sep-06       595.5       765.3     592.5     732.1    57589        2119  499.0          538
  Oct-06         735       756.3     546.4     580.6     9069          547  513.7       578.8
  Nov-06         575         575     512.5     528.4    15484        1340   540.1       542.9
  Dec-06       528.2       538.5       497     500.8    11811        1420   443.8         499
  Jan-07       501.9         521     455.1     518.3    24980        2439     361       394.4
  Feb-07       510.6         635       488     626.5    82971        3326   392.8         580
  Mar-07         632         682       552     561.9   140509        3685     572       673.7
  Apr-07         564       616.5     552.1     593.8    44993        2706     588       611.7
  May-07       594.4       611.3     563.7     594.2    25509        2222   607.5         652
  Jun-07       592.6         639       561     638.4    19119        1533   625.9       701.8
   Jul-07        639         675       609     644.5    35138        2059     691       711.9
  Aug-07         643       659.6     617.2     628.6    28411        1893   670.5         685
  Sep-07       629.2         660     587.2     633.7    11990        1017   665.5         673
  Oct-07       636.3       673.4     506.7       514     5176          403    651       654.9
  Nov-07         511         529       488     512.9     1424          509    646         677
   Dec-07        510          547       505.5       516.9        2503  582      431.5        465
   Jan-08        522       601.5          520       588.6        7324  922      446.2      551.5
   Feb-08      586.2       656.5          584         650        6541 1118        525        562
   Mar-08        648       660.8        486.7       492.6      14421  1493      534.9        538
   Apr-08      490.1          510         472       488.2        8998 1537        316        376
   May-08      488.2       496.7        482.7       485.8        1071 1466      348.8      358.3
   Jun-08        N/A          N/A         N/A         N/A         N/A  N/A        N/A        N/A
    Jul-08       N/A          N/A         N/A         N/A         N/A  N/A        N/A        N/A
   Aug-08        N/A          N/A         N/A         N/A         N/A  N/A        N/A        N/A
   Sep-08        N/A          N/A         N/A         N/A         N/A  N/A        N/A        N/A
   Oct-08        N/A          N/A         N/A         N/A         N/A  N/A        N/A        N/A
   Nov-08        N/A          N/A         N/A         N/A         N/A  N/A        N/A        N/A
   Dec-08      439.7          546       432.1       511.3         654  146      270.4        453
   Jan-09        512       622.4        510.1         601        2045  496      420.1      591.7
   Feb-09      603.6          641       582.7       636.1        4486 1153        575        715
   Mar-09        642          720       618.2       718.4      16089  2175      711.1        790
Source: MCX, Potato futures were suspended from trading between May 7, 08 to Dec 3, 08 ^Aggregate volume in all contracts
^^Cumulative open interest in all contracts at the end of month.
Monthly MCX Futures Prices (Rs/qtl)
           Tarkeshwar
       Low       Close      Volume       Open
                            in lots^    Interest
                                       in lots^^
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
              NT       NT         NT           NT
           499.1     517.4     15023          350
           485.5     542.4     13525          895
           464.9     474.9     11756          495
           372.4     385.3     12063          757
           356.1     391.9     14899        1740
             379     568.4     37916        1021
             540     585.9     80392        1270
           558.1     604.6      7725          943
           587.5     625.6     19515          871
           621.5     692.3      6813          705
           655.4     673.6      7535          735
           641.5     665.7      4796          719
           633.1     655.8      2546          674
             613     643.9      3206          667
             419     434.7      2007          298
                   431       445.6         698         292
                 446.2       530.9        2305         481
                   522       536.5        2520         689
                 318.9       322.9        6612       1263
                   272       348.8        8524       1451
                 340.5       342.1        1071       1541
                   N/A         N/A         N/A         N/A
                   N/A         N/A         N/A         N/A
                   N/A         N/A         N/A         N/A
                   N/A         N/A         N/A         N/A
                   N/A         N/A         N/A         N/A
                   N/A         N/A         N/A         N/A
                 270.4       418.5         124          75
                 419.5       586.5        1258         314
                   575       709.6        3087         457
                 694.1       788.7        6885         394
8 ^Aggregate volume in all contracts during the month;
Potato Graphs   Graphs
                Graph - 1

                              Statewise Potato Production in India



                        23%                          2008-09

                             22%
                                                               Uttar Pradesh
                                                39% 43%
                                                               West Bengal
                  5%    5%            2007-08
                                                               Bihar
                        7%                                     Gujarat
                   7%
                                                               Others
                                   27%

                                22%
                                                               Source: NHRDF
oduction in India


   2008-09


             Uttar Pradesh
 43%
             West Bengal
             Bihar
             Gujarat
             Others



              Source: NHRDF

				
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