Finance HomeNational
Even mangoes bring sour news
Monday, March 31, 2008 11:45 [IST]

Chittaranjan Tembhekar

Inflation and the unexpected and extended cold wave in the first two months of the year have drained the sweetness out of mangoes this summer.

The cold wave in February destroyed nearly 75 per cent of the crop along the Konkan coast, causing prices to soar.

And inflation is making matters worse.

“Besides the extended winter dew that virtually killed 75 per cent of the first mango crop in the first week of February, the increasing cost of labour, electricity, and fertiliser will surely add to the cost of mangoes this year,” said Ratnakar Karale of Dial-A-Mango at the APMC,Vashi.

At present, alphonso mangoes are being sold for Rs1,100 a dozen in the retail market.

Chembur resident Rajendra Sharma, a mango lover, says, “If prices continue to rise like this, I won’t be able to buy good quality alphonso.”

Sharma is hopeful that the prices will come down in April. His sentiments are echoed by Vashi resident Vinaya Shintre, who says she would buy mangoes in April as she expects to get them cheaper then.

Traders said the prices are likely to come down once supply from Konkan and Gujarat improves.


Source : DNA

 Post Your Feedback   
Name
Email ID
Comments
 Other Features
News today
Press Releases
Stock Research
Market Tools
Print this page
Mail this page
Archives

  
More Finance News
BSE to alter its transaction fee
Intel pays $1.25 bn to settle a...
Firefox celebrates five years
Google to buy AdMob for $750 mn
New norms of SEBI
Worst is over- Mahindra Satyam
Wanna know corporate secrets?
A doller story through doller's...
Indian trader bamboozles Aussie...
Indian economy will expand by March...
Now, what happned Sirjee?
India to wind-down fiscal stimulus:...
US,China joining hands: beware...
Nano used-car premiums fizzling out
RBI buys 200 metric tonnes gold...
Park to replace Hyundai chief
Wills Lifestyle to tweak...
US stock sin by almost 3pct.
Oil prices sink
Kingfisher Airlines posts loss of...
Wipro net profit up 19 percent in...

    WORTH A CLICK
  Sarees
Baby Clothes
Jewellery
Bluetooth Headsets
Health & Fitness