Impact of Oil Price Changes on Potato Prices

 INTRODUCTION
 Potato as food commodity
 Statistical representation
 Changes in the oil prices in last 10 years
 Impact of change in oil price on the potato
 Concept of demand and supply analysis
 Impacts of other factors like substitutes and complementary goods on demand and
world food price
 Concept of elasticity of demand and supply
 Substitutes and compliments commodities/products have impacted on the pr
 Conclusion
 REFERENCES

Food prices have been considered
as the average price of particulars goods
commodities in the global world and across
different countries.
The price of different goods does not only
provide up as important indicators
balancing between agricultural production
and market demand.
This also helped increasing up strong
impact om food affordability and income in
specific manner.

 Potato as food commodity
 Potatoes (Solanum tuberosum) are the third most important food crop in
the world in term of the global consumption and been highly
recommendable by the Food and Agriculture Organization of the United
Nations as a food security crop as the world faces a growing population
and related problems with food supply.