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Banana Prices

 Banana Prices

Six Bananas cost Rs 50/- today at our local fruit seller today. At Chandigarh. A good locality. Normally it is Rs 40/- and maybe a year back it was Rs 30/-. The fruit seller says this is a fast selling fruit and consumed by all income classes, of course it is the most affordable fruit. The apprehension of the fruit seller is if the trend of inflation goes on, it will impact consumption. He was being supplied Bananas at an average of Rs 350/- per sainkda (100 pieces), now the supply was at Rs 700/* per sainkda to Rs 750/- and on some days even Rs 800/-. Do the math at Rs 750/- per sainkda, it is Rs 90/- a dozen. Not factoring in wastage.
It was Rs 60/- a dozen till not long back. At Rs 350/- a sainkda he made a reasonable margin at Rs 60/- to Rs 70/- a dozen. He tried holding on but had to ultimately enhance prices. The small size Bananas were being supplied at Rs 550/- per sainkda on an average but were not selling well. Consumers preferred the larger sized Bananas only.
I sent the servant down to the local Apna Mandi (Farmers Market), yep, same prices. Is it weather impacting prices, exports or speculation, or after enhancing prices in some other fruit produce, this is now the target. Or actually, and more correctly, a little bit of all of it. As is usually the case. Any views. Data.
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Increasing Consumption
Poor have no other fruit

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