 "Soaring heat hits jaggery trade at Anakapalli")
Jaggery traders at Anakapalli, despite seeing attractive price for the commodity, are reluctant to offload their stock due to the soaring heat conditions in the state.
Traders are worried the heat conditions could damage the jaggery during transport. In the current season on the back of good demand, traders have stocked more than 2,800 truck loads (each load contains 10 tonnes) of jaggery, mostly third grade, said KLN Rao, president, Anakapalli Jaggery Merchants Association.
The third grade quality is attracting Rs 3 lakh per load. said K Buchi Raju, a trader, adding they could reap a profit of Rs 30,000-40,000 after excluding expenses like cold storage rentals and interest charges.
In the current season, traders expect early clearance from the usual October-November due to high demand from Bihar, West Bengal, Jharkand, Odisha and Chhattisgarh.
Traders are worried the heat conditions could damage the jaggery during transport. In the current season on the back of good demand, traders have stocked more than 2,800 truck loads (each load contains 10 tonnes) of jaggery, mostly third grade, said KLN Rao, president, Anakapalli Jaggery Merchants Association.
The third grade quality is attracting Rs 3 lakh per load. said K Buchi Raju, a trader, adding they could reap a profit of Rs 30,000-40,000 after excluding expenses like cold storage rentals and interest charges.
In the current season, traders expect early clearance from the usual October-November due to high demand from Bihar, West Bengal, Jharkand, Odisha and Chhattisgarh.