Large shipments drive down prices

India: Grapes cheaper in Maharashtra

Maharashtra grape wholesale prices are on a downward spiral, due to large shipments reaching the market and a lack of demand from the North due to the prolonged cold weather.

According to All India Grape Exporters Association president Jagannath Khapre, prices of grapes have gone down by nearly 30% in the domestic markets to ₹ 10-16 (€0.13-0.20) per kg for average quality and ₹ 25 (€0.32) per kg for export markets.

For retail consumers, prices are in the range of ₹ 40-50/kg depending on the quality. Because of the drop in domestic prices, even exporters have now begun bargaining with grape growers and are seeking the produce at a lower price, he said. In export markets, prices have dropped from ₹ 90 per kg to ₹ 40 per kg.

Taking a cue from the previous year when some heavy showers took place, this season, grape growers went in for late pruning because of which the flowering also got delayed and all the fruit arrived in the market simultaneously, leading to heavy arrivals, he explained.

Now, the grape harvest season is in full swing and the supply has increased simultaneously from all sides that eventually led to a further drop in the wholesale prices in the domestic market. Moreover, there is continued chill in the North which has led to a drop in demand and therefore, growers are forced to sell at lower prices.

Source: financialexpress.com


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