Monday, January 13, 2020

Pongal: Jasmine prices shoot up to Rs 5,000 in Madurai, may rise further in next two days

TNN | Jan 12, 2020, 07.09 PM IST




 

MADURAI: Jasmine prices rose to Rs 5,000 per kilogram in Madurai on Sunday as Pongal is round the corner and supply to the market has dipped.

In the peak season, the Madurai flower market sees a supply of about 10 tonne per day. But it has decreased by 30% - 40% since October mainly due to rain. Rain affected jasmine plants.

Madurai Meenakshi Flower Merchants Association president Pookadai S Ramachandran said jasmine prices, which were around Rs 3,000 per kg on Saturday, went up to Rs 5,000 on Sunday. “It may go up to Rs 7,000 or even Rs 8,000 in the next two days because supply is very low. Just half a tonne jasmine came to the market on Sunday,’’ he said.

During last Pongal, jasmine prices were around Rs 3,500 per kg. In peak flowering season, the prices come down to Rs 50 per kg.

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