Panama’s farmers predict price relief as potato and onion supply improves

Unstable weather and agricultural challenges in 2024 have taken a toll on potato and onion production in Tierras Altas, Panama, causing supply shortages and price surges. However, as harvest volumes recover, local farmers anticipate a drop in prices, making these products more affordable for consumers.

While full market stabilization will take time, distribution is steadily improving, and prices are already beginning to reflect better availability. Tierras Altas, a key agricultural hub, produces over 800,000 quintals of potatoes annually, significantly exceeding the national production of 600,000 quintals.

This year, farmers faced unexpected setbacks, including seed genetics issues and an unusual storm that disrupted planting and harvesting schedules. These factors contributed to recent fluctuations in supply and pricing.

At its peak, the price per quintal soared to $140, but with the ongoing recovery in production, costs are now steadily declining, bringing relief to both producers and consumers.

source: menafn.com

photo: anpanama.com