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The price of jasmine has dropped sharply due to heavy arrivals.
“The price of jasmine had touched ₹400\kg three days ago and because of Onam we expected good sale.. But Prices fell to ₹150\kg on Friday morning and over 25 tonnes arrived for sale. Gradually, the price decreased and at noon it was sold at ₹40\kg,” said Muthuswamy, President of the Sathyamangalam Flower Growers and Merchants Association.
He said due to heavy rains over the last few days in Sathyamangalam, Kothamangalam, Puduvadavalli production has increased by three-fold. For the past few days, 15 tonnes of jasmine arrived daily for sale and the flower was sold at ₹200-300\kg.
The price of the other fragrance flower Mullai also dropped and was sold at ₹100-125\ kg in the morning which came down to ₹50\kg in the noon. But in the retail market, jasmine was sold at ₹300\kg and the mullai at ₹250.
The farmers said that the present price is too low for them, as they are paying ₹50\kg itself as plucking prices.
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