Pound and US dollar fall/Forex 6 August 2024
Today, on August 6, 2024, in the foreign exchange market, ...

After onions and wheat, the farmers of Korça are at risk of having the new potato crop left in stock. The reason is the selling price below the cost of production due to lack of market.
Currently, the potato in the wholesale market is being asked to be bought from the farmer at a price of 20-30 to 33 lek per kg or about 20 lek cheaper than last year. Compared to last year, the selling price is 40% less.
Mikel Plasa, one of the biggest potato growers in the Korça area, told "Monitor" that this year he planted 20 hectares of land with potatoes, the same amount as last year. He expects to harvest by the end of the season on September 15 about 9,000 tons of papata, for which there is no market.
"We have started the first potato harvest, the production is good, despite the dry climate, but the lack of a sales market remains a problem.
Potatoes are being requested at a selling price of 25 ALL per kg from local traders, up to 33 ALL per kg. The asking price is below the cost of production, it's like giving it away for free.
If I sell the production at this price, I automatically have a loss of 80,000 euros. In order to make a profit, you have to sell the potato at least at the price of 50 ALL per kg", he asserts.
The farmer from the area of ??Korça, Mikel Plasa, underlines that the price drop has been influenced by the "game" played by the wholesale traders with the price for the goods they buy directly from the farmers, as the selling price of potatoes in the retail market has reached up to 90 Lek per kg.
"On the other hand, the import of potatoes, especially from Kosovo, has influenced the increase in supply in the market. Imported potatoes from Kosovo are being sold in the country at a price of 20 euro cents per kg, due to the high subsidies given to farmers", he adds.
The only solution remains the storage of production until the price increases, but even in this case, farmers claim that losses from potato rot are significant.
According to INSTAT data, last year around 274.1 thousand tons of potatoes were produced in the country. Compared to 2022, production increased by 4.3%.
A few weeks ago, the farmers of this area also faced the lack of market for onion and wheat production. This forced some farmers in the Korca area to protest.
Driven by the increase in demand in the domestic market due to the high influx of tourists last year, farmers in the Korca area increased their crops for dry onions and potatoes by about 30% more than last year. But the requested wholesale price reached 25 ALL per kg, or 50% less than last year.
According to INSTAT data at the national level, in 2023, 117.1 thousand tons of dry onions were produced. Compared to 2022, production increased by about 8%.
While the sale of wheat has entered the second year of the crisis. This year, the requested selling price ranges from 21 to 23 ALL per kg, from 28 ALL per kg that was requested last year, from 21 to 33% less than last year. Even for wheat, according to farmers, the requested price is completely below cost./Monitor
Today, on August 6, 2024, in the foreign exchange market, ...
The return of Albania to a destination, which is makin...
The sector continued to grow in the second quarter of ...
At least 10 municipalities in our country were "bankrupt" ...
Today, August 5, 2024, in the foreign exchange market, the...
Today, on August 4, 2024, in the foreign exchange mark...
Hotel accommodation in this summer season in Albania h...
Today, on August 3, 2024, in the foreign exchange mark...
The euro exchange rate continued to fall on Thursday and c...
After 2022, when the energy crisis reached its peak an...
Today, on August 2, 2024, in the foreign exchange mark...
The Financial Supervision Authority (AMF) decided on W...
In the system of the European Bank for Reconstruction ...
Today, on August 1, 2024, in the foreign exchange mark...
Saranda and Ksamili, two of the main tourist spots in ...
Today, on July 31, 2024, in the foreign exchange marke...
Is your country more expensive than other European countri...
Despite a plan of measures to reduce arrears in the el...
Today, on July 30, 2024, in the foreign exchange marke...
Today, on July 29, 2024, in the foreign exchange marke...
CNA has launched another investigation that could lead to ...
Irfan Hysenbelliu is a businessman that we call "Irfan the...
In March 2026, CNA launched another investigation centered...
The arrested mayor of Tirana, Erion Veliaj, with 13 charge...
The Special Board of Appeal (KPA) decided this Monday ...
The KPA vetting decided this Thursday to dismiss the p...
Suela Salavaçi, a prosecutor in the Prosecutor's Offic...
The Special Board of Appeal reinstated the prosecutor ...
A road accident occurred this evening on Nikolla Zoraqi St...
Three people were shot and wounded in Elbasan last night b...
A serious incident occurred this Tuesday in the Yrshek are...
An accident occurred this Tuesday on "Dituria" street in K...
This Wednesday, our country will be under the influence of...
All of Southern Europe will face changing weather conditio...
Albania was hit by temperatures significantly higher than ...
For the first time, Pogradec welcomed the Inter-Lake Chess...
US Secretary of State Marco Rubio arrived in Manila on Jul...
In the space of a few days, Ukrainian President Volodymyr ...
The spokesman for the Iranian Foreign Ministry warned Bulg...
Autoritetet italiane sekuestruan pako me afër 800 kilogram...
At a time when industrial products are increasingly taking...
Trust among people is not just a three-syllable word. It c...
Master of humor Todi Llupi has passed away at the age of 7...
The ninth edition of "MIK Festival" kicked off with one of...
Businesses will no longer be required to simply register t...
Despite economic growth and income in recent years, Albani...
This Wednesday, one US dollar is bought for 81.4 lek and s...
Construction company licenses will have a validity period ...