The Hindu : Markets limping back to normality

Online edition of India's National Newspaper
Friday, Apr 25, 2003

Southern States

Southern States - Kerala-Thiruvananthapuram

Markets limping back to normality

By Our Staff Reporter

THIRUVANANTHAPURAM April 24. The markets are limping back to normalcy after the ten-day strike by truckers, which affected trade and resulted in a steep price hike of vegetables.

Though the truckers' stir has been called off, it will be another two days before market activities are smoothened out, traders said.

After the inter-State movement of lorries commenced last night, vehicles carrying vegetables and grains from the neighbouring districts of Tamil Nadu reached Chalai markets on Thursday morning.

About 13 loads of vegetables and about 10-15 loads of grains arrived in Chalai market today. By Saturday, lorry service from Karnataka and Maharashtra too would be normal, market sources said.

Though the strike had never really created a crisis situation, except in the first two days when prices of vegetables shot up sky-high, traders are breathing a sigh of relief now. While most of them had managed to bring in vegetables by mini-vans and tempos, the steep freight charges had considerably reduced the profit margin for many traders. With the volume of sales also declining sharply, small traders were the harried lot.

Traders at Chalai, who had brought in stock in the past two days paying heavy freight charges, are bound to have losses as the prices will come down now.

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