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Potato Prices in Mongolia increase 21% in the last three weeks

Potato Field in Mongolia (undated)

Average price for potatoes in Mongolia increased by nearly 21% over the last three weeks, Mongolian News Agency GoGo reports.

A rise in potato prices is not uncommon in Mongolia at the end of July and in early August as at this time sales of the new potato crop starts. Planting for the current potato crop in Mongolia started late due to continuous precipitation and cold weather in June and July. Furthermore, hot weather in June and July affected crop growth and maturity.

Particularly, prices for new crop potatoes rose by 60% compared to the previous month, and now range from 1,800 to 2,000 MNT ($1.01) per a kilogram. For comparison, prices for new crop of potatoes stood at 1,300 MNT ($0.66) last year.