Surge in Dry Fruit Prices Amid Supply Disruptions from Afghanistan and Iran
Dry fruit prices surge as imports from Afghanistan, Iran face disruptions
Mint
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Prices of nuts and dry fruits in India have surged by 20-30% due to supply disruptions from Afghanistan and Iran caused by regional tensions. With imports constituting nearly 80% of the country’s dry fruit market, the increase affects key staples like raisins and pistachios, leading to significant impacts on consumer costs.
- 01Dry fruit prices have increased by 20-30% on average due to supply disruptions.
- 02Key suppliers Iran and Afghanistan account for 40-45% of India's dry fruit imports.
- 03Prices for green raisins have risen nearly 40%, while premium Mamra almonds increased by 25%.
- 04Importers are diversifying sources to mitigate supply gaps, albeit at higher costs.
- 05India's annual dry fruit demand is about 1.43 million tonnes, with imports meeting 73-80% of this need.
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In India, prices of nuts and dry fruits have surged sharply over the past month, with increases of 20-30% on average due to supply disruptions from Afghanistan and Iran. The ongoing conflict in West Asia and tensions between Afghanistan and Pakistan have constrained shipments, leading to significant price hikes for staples such as raisins, dates, and pistachios. According to industry estimates, green raisins have seen a price increase of nearly 40%, rising from approximately ₹600 per kg to ₹1,000 per kg, while premium Mamra almonds from Iran have increased by 25% to ₹3,500 per kg. The situation is exacerbated by rising freight and insurance costs, which have surged by about 15-30%. With imports constituting nearly 80% of the country’s $8.5 billion dry fruit market, the impact is profound, especially as domestic production is limited to about 380,000 tonnes annually. Importers are now seeking alternative sources, including the US and Turkey, to mitigate supply gaps, although these alternatives may come with higher costs and potential quality variations. The sector's heavy reliance on imports from the affected regions highlights the vulnerability of India's dry fruit supply chain.
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The surge in dry fruit prices will directly affect consumers, increasing costs for essential items like raisins and pistachios. Households may need to adjust budgets as these staples become more expensive.
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