Glut of flowers triggers price crash
The Hindu
A few traders dumped heaps of unsold marigold on the road
A portion of the flower consignment received at the Koyambedu wholesale market on Friday remained unsold as supply was more than the demand. With not many takers, a few traders dumped heaps of marigold at the market. Wholesale merchants said arrival of flowers, particularly marigolds and roses, from Hosur and Rayakottai belt were twice the normal quantum. This led to fall in prices at the wholesale market. Nearly 25% to 30% of the stock remained unsold. Yellow marigold, which sold ₹120 a kg last week, could fetch only ₹50 to ₹70 a kg on Friday. As there were not many customers despite drop in prices, a few traders dumped wilted marigold in the market.
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