Huge supply leads to fall in apple prices in Hyderabad

Huge arrivals of apples on the Hyderabad markets from Kashmir and Himachal Pradesh have led to plummeting prices.

With up to 25 trucks per day arriving loaded with 1 000 boxes each, the oversupply is driving prices down sharply. The price per box is up to Rs 400 ($4.89) per box less compared to last year.

Traders on the market expect the local supply and lower prices to continue for a couple of days more. They say consumers will receive the benefit of lower apple prices until December.

Source: www.telanganatoday.com