Festival demand boosts nutmeg prices

Pageant desire ahead of Diwali in main upcountry markets has pushed up nutmeg costs to concerning ₹600 and ₹650 per kg. Having said that, output in Kerala has dropped thanks to unparalleled rains, although various other troubles have prompted farmers to anticipate additional on the cost entrance.

Offered the mounting desire from main consuming centres, they are now anticipating at least ₹15-twenty five per kg increase right before Diwali. Nutmeg is a main component in spices, confectionery, and perfuming sector, apart from for its medicinal values.

Anand Kishore, President, Indian Pepper and Spice Trade Association (IPSTA) reported that the fag conclude of the year has led to decrease arrivals of the crop in the industry, but there are some shares obtainable with farmers the two in the primary markets and consuming centres.

Also examine: How the second Covid wave has impacted commodities’ provide chain

Nutmeg output with shell and mace

Read More