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Pulse and spices rate go up as supply surpasses demand
Posted on: 20/Jun/2017 3:02:17 PM
Are you a spicy food lover? Well, you can now get overwhelmed at this news. While the prices of agricultural products are getting increased day by day because of drought and poor yield, spices and pulses are seeing a price fall by close to 10 percent in the past 2 months.
Sources from the Broadway wholesale market sources state that there is excessive supply of pulses and spices. This has left the traders with no other choice than to reduce rates.
Black pepper that was sold for Rs 800 a few months ago is now sold just for Rs 550 per kg.
Mustard seeds and fenugreek seeds are reduced from Rs 58 to Rs 48, and Rs 54 to Rs 50 respectively. The price of long red chillies is also reduced from Rs 75 to Rs 65, say the traders.
When this continues, the monthly provision bill will get reduced because there decline in price in the wholesale market. There is Rs 70 per kg fall in price of Toor Dal and sold for Rs 180. With Urad dal, there is Rs 90 decline and sold for Rs 140. Split Bengal gram that was sold for RS 140 is now sold for Rs 75, say Broadway traders.
Round red chillies is the only spice that has seen a price hike from Rs 350 to Rs 400 because of shortage in production in Ramanathapuram caused by drought.
