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Amid supply crunch, price of Kashmir apples zooms 50% to a decadal high

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Govt introduces Minimum Import Price for apples in J-K to support local  growers
  1. Kashmir apple prices have surged by 50% in 2023 compared to 2022 due to decreased production caused by unfavorable weather conditions in Jammu and Kashmir and Himachal Pradesh.
  2. Both regions experienced a 20-30% reduction in apple production this year, largely due to disrupted monsoon patterns in Himachal Pradesh and unpredictable weather affecting apple growth in J&K.
  3. Himachal Pradesh’s apple output plummeted from an average of 800,000 tonnes to approximately 300,000 tonnes due to crop damage caused by floods resulting from irregular rains, leading to an estimated industry loss of Rs 240 crore.
  4. Kashmir, constituting 75% of India’s total apple production, typically exports about 1.8 million tonnes annually. This year, various apple varieties, including Kullu Delicious and Plain Delicious, are selling at significantly higher rates, marking an increase of Rs 600-800 per 15 kg box compared to last year.

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