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Jasmine is losing its charm as its prices are falling daily.
“ jasmine prices had increased slightly over the past ten days, but now it has dropped sharply. Till August 10, the flower was sold at ₹125 a kg. But on Monday, the flower fetched ₹240 a kg initially but dropped to ₹100,” said Muthuswamy, President, Flower Merchants Welfare Association, through which the sale is conducted at Sathyamangalam.
Arrival increased to 10 tonnes on Monday. This may be one of the reasons behind the fall in price. Flower vendors said that the current price may prevail for a few more days but will increase during Ganesh Chathurthi and also three days before Onam which falls on September 6. They said Arabian varieties of jasmine will arrive for the festival.
The Arabian variant was also sold at a decreased price of ₹100 a kg and the arrival of the same was low at two tonnes. Some other fragrance flowers like sambangi, marigold etc also arrived for sale.
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