Banana prices see spike with increasing demand in Hyderabad

Banana prices have registered a spike in the city with a dozen costing Rs. 60 at the markets. A month and a half ago, the prices were around Rs. 40 a dozen on the streets and Rs. 10 more in the supermarkets. The price increase is attributed by the fruit traders to the low supply and huge demand.

“During Covid-19 people did not buy bananas for fear of catching a cold. Hence farmers had stopped cultivating and supply has been affected since then. For two months the supply has further dipped as the farmers are preparing for a new crop,” said one trader at Mozamjahi Market fruit market.

Different varieties of bananas reach the city from Karnataka, Andhra Pradesh and Maharashtra in trucks. In the city, several fruit traders set up ripening and storage points in localities and sell them to hawkers on a wholesale basis.

[ Rs. 100 = €1.20 ]

Source: siasat.com


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