Fine varieties are particularly finding a good market
Riding on increased upcountry demand, the price of jaggery increased at the Anakapalle market witnessing good buying this season.
The fine qualities are particularly finding a good market on demand from Orissa, Bihar and Jharkhand, while the low, black variety price remains less.
On good demand, the price of ‘gulabi' variety rose from Rs.180 to Rs.205 for a 10 kg lump.
The Anakapalle market, one of the biggest in the country, is consistently building stocks. The finer varieties are doing good business both for disposal and for stocking.
The arrivals this season at the market so far are 17.4 lakh lumps, comparable to the 17.2 lakhs during the corresponding period last year, according to market sources. Between now and May, it is expected that the market will receive another 11 lakh lumps, says prominent trader Korukonda Butchiraju.
The market that had built up a big inventory last year hoping for a sugar price hike on estimates of lower sown area of sugarcane was in for a shock when the area actually went up, leaving it with unsold stocks till the last minute. Spurt in demand from Maharashtra saw the market through.
This year, the sugarcane crop had been hit by heavy and successive spells of rain. Though the yield per acre is less, the increase in sown area has made up for it, says Mr. Butchiraju.
Of late, the market had to contend with the strike by weighing men and later by autorickshaws that transport the stocks. Those bringing in the stocks are demanding a one-time entry fee into the market. The issue still remains unresolved.