Dry Fruit’s Demand and Prices Rise
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As cold weather has precipitated across the country, the demand for dry fruit has gone up and so have the prices of dry fruit. A recent survey shows that prices of dry fruit in Karachi city have risen by as much as 35 percent.
Dry fruits are in popular demand in winter season because of greater use in domestic dishes, particularly desserts, as well as restaurants. They are very popular for sweet dishes served in weddings, which are more commonly arranged in early or late winter. Almond and peanut remain the most favorite dry fruit varieties in Pakistan and are imported in greater quantities.
Since last year, the prices of dry fruits have gone up notably, both in wholesale and retail markets. Currently, the prices of popular varieties of dry fruit fall in the range of 120 to 900 rupees per kg. This makes regular/frequent use of most of the dry fruits unaffordable for the lower economic class people. Almonds, for example, are considered a sought-after variety of dry fruit but cost around 700 rupees per kg – way beyond the financial reach of less-well off people.
Interestingly, a rise in prices usually leads to a decrease in the demand of commodities like dry fruits, in turn resulting in less consumption and a decrease in the prices. At present, the hike in prices has cut down the sales of dry fruits sharply in Karachi and may lead to a decrease in the prices due to failing sales of the commodity.
