The prices of nuts and dry fruits have increased suddenly in Chennai!
Posted on: 04/Sep/2021 9:25:12 AM
The festive season is round the corner and happiness is back on the faces of people!!
The demand for dry fruits and nuts would be high in the festival season. The import of nuts and dry fruits have been suspended from Afghanistan. It is now brought to light by some Chennai based traders that this suspension has affected their business as 50% of the products come from Afghanistan.
This week, the prices of nuts and dry fruits have shot up by 30% and this has been due to the disparity in demand and supply. The prices immediately went up by 15percxent when the import of nuts and dry fruits was suspended
Mr. Rajesh, owner of Chennai based Royal Chennai nuts expressed his thoughts. He spoke about how the prices could be under control only if there is regular supply of dry fruits and nuts. He added that the demand has become high due to reduction in imports. This has led to rise in the prices of dry fruits and nuts. In Chennai, figs were sold for Rs 500 to Rs 700 per kg and now they are sold for Rs 1400 per kg. The sensational piece of information is that the prices would be at its peak till November month. It is worthy to note that the lockdown due to Coronavirus infection has affected the supply and there has been a subsequent hike in the prices of dry fruits and nuts.
Mr. Rajesh later mentioned that the sale of dry fruits and nuts have been dull throughout this year. It is true that during Deepavali the prices would normally increase but this time around it has been different. Some traders would be receiving dry fruits and nuts etc from other countries instead from Afghanistan directly (due to import suspension) and this would increase the shipping rates.
