 "Now, an Iran-US battle for apple pie in India")
Iran and the US have opened a new front in their hostilities-in the Indian fruit market.
And here, Iran is undercutting the US and emerging a clear winner, says a report in the Hindustan Times.
Iran was allowed to import apples to India recently and the first batch from there hit the local markets only in February, the report says.
[caption id=“attachment_737013” align=“alignleft” width=“380”] Iranian apples have pulled down the prices of Washington apples by 20 percent, the report quoted trader Rinkle Singh as saying. Reuters[/caption]
Iranian apples have pulled down the prices of Washington apples by 20 percent, the report quoted trader Rinkle Singh as saying.
According to the report, US apples were being sold at Rs 90-120 per kg in Delhi’s Azadpur market, a key wholesale market for fruits in the country.
The price of the Iranian produce, on the other hand, is almost half-Rs 50-70 per kg. Chinese apples are priced Rs 40-50 and Indian ones Rs 60-70, the report said.
India’s apple market is worth Rs 50,000 crore, and 80 percent of this is locally produced, the report said.
Read the full report here.
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