Prices of flowers at the wholesale market on Sattara Street in Srirangam have registered a sharp fall over the past two days following huge arrivals due to higher yield.
Farmers and traders say that the yield of flowers particularly jasmine has registered a sharp rise following the showers in the last few days. The wholesale market on the Sattara street has been supplying flowers to small and medium traders all over the district besides catering to the needs of traders in adjoining districts including Perambalur, Ariyalur, Thanjavur and parts of Salem.
The price per kg of jasmine which stood at between Rs.125 and Rs.130 last week came down to a meagre Rs.20 on Thursday. “Even for this price, there was not much takers. The trade normally witnesses a serious dip in the prices after a few days during the post-Deepavali festival,” says Vanchinathan, one of the traders.
ADVERTISEMENT
He points out that small and medium traders will not turn up during the post-Deepavali festival, thereby bringing down the prices. However, he hoped, that prices would stabilise in a few days, particularly during the ‘Karthigai’ festival in a few weeks.
S.B. Satkthipriyan, another whole sale dealer, points out that the arrivals of flowers had stabilised over the last few weeks. On Thursday, the arrivals stood at 500 kg but due to the absence of the small traders, he could not market the flowers immediately.
He got flowers from a cluster of villages such as Puliyur, Ettarai, Posampatti, Koppu, Koundampatti and Neithalur Colony. He expressed the hope that the prices would stabilise in course of time.
ADVERTISEMENT
The recent showers had contributed to a great extent in enhancing the quality of jasmine flowers, traders pointed out.