Fruits become 40% more expensive | india | Hindustan Times
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Fruits become 40% more expensive

india Updated: Aug 31, 2009 02:49 IST
G. Mohiuddin Jeddy

Buying fruits in the festive season this year is turning out to be a costly affair. Prices of fruits have soared by over 40 per cent as the market struggles with short supply. Wholesalers expect prices to rise further as demand grows during the festive season.

Fruits at the wholesale Agriculture Produce Market Committee Complex (APMC) at Vashi come from various parts of the country. Says Anant Dhumal, a fruit wholesaler: “The farmers have informed that inadequate rains has hit their production hard.”

“Production is down by at least 50 per cent of almost all fruits that come from various states,” he adds.

Dnyanesh Gawde, another wholesaler, said, “Fruit prices usually rise at this time of the year as demand goes up because of Ganeshotsav and Ramzan. However, with supply almost halved, the situation in the market is really bad. Prices have already soared by over 40% compared with last year.”

Dhumal added, “The overall quality of the crop is good, but the arrivals are limited. We exhaust all our stock on a daily basis and are still unable to meet the demand in the market.”

He added that the price trend could continue rising for the next few months. “The demand is expected to increase further as Ramzan continues and other festivals follow. The rise in prices could be around 50 per cent then as compared with last year.”