Weak Indian rupee makes imported fruits dearer in Mumbai
Currently, most of the fruits that are imported into India have become more expensive. The main reas…Currently, most of the fruits that are imported into India have become more expensive. The main reason is the weakness the rupee in comparison to the dollar. Traders from Mumbai have either cancelled their consignments or have e imported less.
Dragon fruit that was available at Rs 500 to 600 per box (of 30 pieces at €6.00-7.20) is now available at Rs 2,000-2,200 per box (€24.00-26.30). Similarly, cherries have seen around a 60 percent rise in price. At present, a five-kilogramme box of cherries is sold at Rs 8,000 while it was available for Rs 4,500 to Rs 5,000 a month ago.
Sanjay Pansare, a wholesale fruit trader and former director at a fruit market in the Agriculture Produce Market Committee, Vashi, said that the weak rupee has severely impacted imports. "Costs of imported fruit have seen a rise from 15 to 30 percent," said Pansare. However, he added that many traders have stopped importing at present.
Source: dnaindia.com