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India: Fruit prices likely to be stable

Prices of fruits like mosambi and apple, which have soared 16-27 per cent in the past fortnight, are expected to stable in the next one-two months as both supply and demand are expected to be low, traders said. "The prices will be stable as there is a lower supply of these fruits coupled with less demand," said Raj Kumar Bhatia, a member of Agricultural Produce Marketing Committee at Azadpur here. The supply of Mosambi, coming from Andhra Pradesh, has halved in the past week due to lower production, he said.

Interestingly, despite lower supply any increase in prices of mosambi is unlikely in the next one-two months due to lower demand of the fruit, he said, adding that people prefer mango and watermelon during summer. Bhatia added "come August, mosambi will be available at Rs 8-10 per kg, when the new harvest reaches market." Anil Dwivedi of Dev Bhumi Cold Chain, which deals in import and export of apple, said the prices of apple (Shimla variety) can go up to Rs 50 per kg in the wholesale market as the supply is nearing end.

"The next crop (apple) will come only in July, when prices will come down," he added. According to APMC, the wholesale prices of apple have soared to Rs 43.75 per kg on April 15 from Rs 34.50 per kg on April 3, while mosambi rates increased to Rs 22 from Rs 19 a kg. Sapota price has surged to Rs 12 from Rs 10 a kg. However, prices of papaya and pomegranate have fallen to Rs 8.50 and Rs 27.50 from Rs 9 and 32.50 per kg respectively in the wholesale market during the review period. Rising fruit prices in the wholesale market have fuelled inflation, which has touched 7.41 per cent for the week ended March 29.


Publication date: 4/17/2008


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