Business
Jalgaon banana wholesale prices fall to Rs 5 a kg
Hindustan Times··5d ago
Wholesale banana prices in drought-hit Jalgaon fell to Rs 5 a kg for inferior fruit and Rs 11 for better quality. West Asia export disruption is among the reasons, with Iran a major buyer. Farmer Vishnu Ingle used a rotavator after traders offered Rs 3 a kg. Collector Rohan Ghuge said prices earlier ranged from Rs 12 to Rs 18.
Prism
What It Means For You
- Growers face distress selling after the district was declared drought-hit.
- Exporter Vishal Agarwal said domestic supply exceeded demand after export disruption.
- NCP lawmaker Eknath Khadse called for subsidies similar to those for onion growers.
What's Happening
- Ingle said he spent over Rs 7 lakh on the plantation that yielded over 500 quintals.
- Ghuge said the administration will ascertain reasons for the sudden price crash.
- Scanty September rainfall also hurt banana quality, exporters and officials said.
How Large Jalgaon's Crop Is
- Jalgaon produces around 40 million tonnes of bananas annually.
- Over 50,000 farmers in six talukas grow bananas in the district.
- Agarwal said March wholesale prices fell to about Rs 8 a kg against roughly Rs 12 costs.
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