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Indian retailers incur losses as wholesalers unable to transport flower stocks

The ban on Rs 500 and Rs 1,000 currency notes by the central government has forced retail vegetable and flower traders in the city to sell whatever produce they have for half the market price even as Karthika Masam celebrations are at its peak.

The reason: wholesalers are unable to employ labourers and arrange for transportation to bring in their stock to the Rythu Bazaar.

This is the time when traders eye profits by selling their commodities for at least 20 per cent more than the existing market rate. But, it is a different story this time as most of the currency notes they have are out of circulation.

Read more at The Times of India
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