Delhi market burnt in the fire of war! Prices of cashew-almonds and pistachios jumped 50%; Outcry before Eid

Dry Fruits Price Hike In Delhi The impact of the 18-day-long conflict in the Middle East is now visible on both the kitchens and businesses of Delhi. An increase of 20 to 50 percent is being recorded in the prices of dry fruits in the national capital. Traders said that due to supply disruption, uncertainty has increased in the market, which is directly impacting the pockets of consumers.

Khari Baoli located at Chandni Chowk in Old Delhi, which is considered to be Asia’s largest spice and dry fruits wholesale market, seems to be the most affected. Rajiv Bhatia, president of Khari Baoli Market Association, said that the prices of dry fruits have increased by 20 to 50 percent because there has been a huge reduction in supply due to the conflict.

work going on from old stock

Rajiv Bhatia further said that except cashew, most of the dry fruits are imported from West Asia and their supply has almost stopped. With Eid approaching, the demand for dates has increased, but the stock is limited. Traders in Khari Baoli are currently running their business with the help of old stock. Another wholesaler Omesh Jain said that we are working with limited stock. The supply of almonds, figs, pine nuts, dates and many herbs has completely stopped. He warned that if the situation continues like this, prices may increase further in the coming weeks.

According to businessmen, most of India’s dry fruit and spice trade is operated through Dubai. The disruption of this transit channel due to the ongoing conflict has increased uncertainty in major business hubs like Chandni Chowk, Khari Baoli, Bhagirath Palace, Kashmiri Gate and Sadar Bazaar.

Business worth Rs 5000 crore affected

Chamber of Trade and Industry (CTI) Chairman Brijesh Goyal warned that if the conflict prolongs, Delhi’s trade and industrial activities worth about Rs 5,000 crore may be affected. He said that the prices of pistachios, plums, raisins, figs, dates and Mamra almonds imported from Iran have increased by 30 to 40 percent.

Also read: Rupee battered under the shadow of war! Record fall against dollar, will petrol and diesel become more expensive now?

Indian pharma sector also affected

Iran and Israel The impact of the ongoing war is not limited to food and drink only. CTI Senior Vice President Deepak Garg said that the pharma sector is also under pressure due to the sharp increase in the prices of essential raw materials like chemicals, plastics and aluminium. He said that the prices of raw materials of common medicines have increased significantly in recent times.