Demand for dry fruits & chocolates in India increases due to Diwali

Published 2021년 11월 2일

Tridge summary

The demand for chocolates and dry fruits in India is high as Diwali approaches, with the financial, logistics, pharmaceuticals, and banking sectors being major buyers. The supply of dry fruits from countries such as Afghanistan, Iran, and the US is smooth, and prices have not significantly increased. The production of yellow raisins in Maharashtra and Belgaum has also been good. The corporate sector has placed normal orders, and the economy's bounce back and vaccination drive have contributed to the increased demand. Some people have also used their profits from the equity market to buy these products.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Diwali is 2 days away and the festivities are at their peak. With fintech, logistics, pharmaceuticals, and banking sectors being the major buyers, the demand for chocolates and dry fruits have gone as high as it was before Covid. Same is the case on the retail front as the demand soars ahead of Diwali and Dhanteras. Vijay Singh Bhuta, Mumbai Dry Fruits Traders Association said – “Supply of dry fruits from Afghanistan, Iran and US is smooth and prices have not increased much, which has come as a big relief to the trade. The demand this year is much higher than 2020 and has touched the pre-Covid level.” Cashews, almonds, pistachios are usually bought during the festive season. It was speculated that after Taliban’s takeover on Afghanistan, dry fruit prices will surge and would impact the festive season. Luckily, it didn’t happen, and along with that the production of yellow raisins in the western belt of Maharashtra and Belgaum in Karnataka has been very good. Winters can sometimes ...

Source: Krishi Jagran