Stockists incur losses as jaggery prices continue to slide on fresh arrivals

PUNE: With arrival of fresh lumps, slide in jaggery prices continued at Anakapalle, one of the biggest markets for jaggery trade in India. Most of the stockists have incurred losses of about Rs 25,000 a truck loading 10 tonnes of the traditional sweetener. The price has now settled at Rs 288/10 kg.

"The hype failed the stockists most of whom have incurred losses,"" said senior trader Korukonda Butchiraju.

"Arrival of a thousand fresh jaggery lumps, whose rate comes in handy for buyers of cold store jaggery for comparison and bargaining," he added.

The rate of fresh loose jaggery are Rs270/10kg to Rs 310/kg. Stockists are forming a bee-line for off-loading. Farmers are also in a hurry to bring their produce to market.