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India: Jasmine price exceeds Rs.800 a kg

The price of jasmine flower has exceeded Rs.800 ($12) a kilogram in the Sathyamangalam flower market, from about Rs 150 a few days ago, after six months. Sathyamangalam is noted for its jasmine cultivation, cultivated over five thousand acres of land.

Until November 2, the jasmine was sold at Rs.150 a kg. Arrivals of the flowers have decreased to three tonnes a day against 10 to 12 tonnes earlier.

Traders from Kerala quoted Rs 1,000 a kg for jasmine and procured more than two tonnes on Saturday. Local traders and those from Karnataka quoted Rs 850 a kg and purchased all the jasmine flower that arrived for sale on Sunday.

Source: The Statesman