In just two weeks, apple prices in the wholesale markets have dropped by half, with good quality fruit trading at Rs 40 to 50 per kg (€0.48-0.60) as supplies have increased from Jammu & Kashmir and Himachal Pradesh, while demand is weak.
Export demand from Bangladesh and Nepal was only 25% of the previous year’s demand. Around half of the expected 400,000 to 500,000 tons of apples from Himachal Pradesh and 15% of the 2 mln ton from the valley has arrived in the various markets of the country, traders said.
According to an article on economictimes.indiatimes.com¸ the daily arrivals of trucks to the Azadpur market -from where they are distributed to the rest of the country- was about 400 trucks of 12 to 15 ton each, said Metharam Kriplani, president of Azadpur Chamber of Fruits and Vegetables Association. He said supplies from Jammu and Kashmir will peak by the month end and further put pressure on prices.