Pomegranate ‘festival’ ends as prices soar, touch Rs 150 per kg

Written By Unknown on Kamis, 18 September 2014 | 22.23

NAVI MUMBAI: Pomegranate prices have shot up to Rs 40 to Rs 50 per kg for small and medium sizes and Rs 100 per kg for fruits weighing over 400 grams at the APMC wholesale market in Vashi. The retail prices ranged from Rs 50 to Rs 80 for small and medium sizes, and Rs 130 to Rs 150 for the bigger ones on Wednesday.

Till Monday, the prices at the APMC market had been a mere Rs 20 to Rs 30 per kg for small and medium sizes, for which the retail prices were Rs 30 to Rs 40. Big pomegranates had ranged between Rs 60 and Rs 80 per kg in the wholesale market and retailed between Rs 90 and 110 per kg.

The reason given for the price increase was that the harvest season was nearing its end and that exports had resumed after a fortnight-long layoff that was caused by poor quality.

"Exports were affected for a fortnight as crops were damaged due to heavy rain and peak-season harvesting led to large supplies in the domestic market, which brought down the prices earlier," a trader, Sanjay Pansare, said.

Traders said that for the prices to go down, pomegranate lovers would have to wait for the arrival of the new crop, which was expected to take some time.

As of now, supplies are scanty from the pomegranate producing parts of Nashik district.

http://timesofindia.indiatimes.com/followceleb.cms?alias=Wholesale,Retail,Price rise,Pomegranate,APMC

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