Mango Prices Crash Across India! King of Fruits Selling At Rs 40–45/kg Amid Record Harvest
Last Updated:
Mango prices have fallen significantly this year. Increased supply and early harvesting due to monsoon predictions are the main reasons
Mango prices have plunged by up to a third year-on-year in Uttar Pradesh, the largest mango-producing state in the country, due to a surge in supply, reported growers and traders, according to Economic Times. Prices for the popular Dasehri variety, for example, have fallen to Rs 40–45 per kg from Rs 60 per kg last year.
'This year, the mango production in Uttar Pradesh is estimated to be around 35 lakh metric tonnes, as compared to 25 lakh metric tonnes last year. There was 100% flowering of the mango trees, which indicates that the production will be good," said S Insram Ali, president of the Mango Growers Association of India, in a statement to ET.
Ali explained to ET that while higher production was a key factor in the price drop, farmers also harvested mangoes early to prevent damage from the early monsoon, as forecast by the Indian Meteorological Department. The department had predicted higher-than-normal monsoon rainfall in the June-September period.
'It is unlikely that prices will go up in the coming weeks," Ali added, as reported by ET.
In southern India, Totapuri mangoes grown in Andhra Pradesh's Tirupati and Chittoor districts have also seen prices fall sharply because mango pulp makers have yet to purchase mangoes from farmers, according to ET. Farmers there also plucked mangoes early in anticipation of the monsoon.
'Pulp factories haven't started procurement as they still have leftover stock from last year," said Sudhir Reddy, a mango trader from Tirupati, speaking to ET.
In West Bengal, a leading mango-producing state, prices of high-quality mangoes have also plunged—from Rs 80 to Rs 45–50 per kg.
'Production is good this year. Early plucking by the farmers has also resulted in prices falling," said Prasanta Pal, a mango trader from Kolkata, as per ET.
In 2024, global mango production reached 25 million metric tonnes (MT), led by India, which accounted for about half of the world's supply, according to ET. China (3.8 million MT) and Indonesia (3.6 million MT) followed as the second and third largest producers, respectively. Uttar Pradesh contributes about 20% of India's mango output.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Indian Express
an hour ago
- Indian Express
India's first international fishery tech expo opens in Mumbai, over 6,000 visitors on day 1
India's first-ever International Fishery Tech Expo (IFT Expo 2025) was inaugurated in Mumbai on Thursday in a significant move towards upgrading the fisheries industry. On the first day, over 6,000 trade visitors visited the stalls of over 55 exhibitors from all over India and abroad that showcased recent advancements in fisheries technology. Maharashtra Ports Development Minister Nitesh Narayan Rane launched the three-day event. Dignitaries, including Kishor Tawade, Maharashtra's Commissioner of Fisheries, and officials from Gujarat, Karnataka, and Goa's fisheries departments were present on the occasion. Rane stated, 'This is a world-class platform that brings together technology, policy, and potential — all under one roof. Maharashtra is committed to becoming one of the top five states in fisheries, and events like this are essential to accelerating that journey'. He also emphasized Maharashtra's focus on the application of drones for coastal security and to expedite fisheries development schemes under the leadership of Chief Minister Devendra Fadnavis. The expo is being held at a time when the Union Budget has provided a historic Rs 2,703 crore for the fisheries sector in the 2025-26 fiscal, indicating a powerful thrust towards a tech-friendly 'Blue Economy.' Dr Sreenath K R, Director General of Fisheries Survey of India, said, 'India's fisheries sector is making global waves—exporting to over 130 countries and powered by transformative investments in infrastructure and innovation. Such expos are necessary to drive innovation and align with the Prime Minister's vision for sustainable, tech-driven growth.' IFT Expo 2025 features live exhibits and top-level conferences on issues such as smart aquaculture systems, AI-driven water quality monitoring, innovative aquafeeds, cold chain and refrigeration, and sustainable packaging. Exporters, researchers, fish farmers, policy-makers, and start-ups participated in serious discussions to frame the future of the fisheries industry. The expo seeks to create new partnerships, stimulate investments, and provide an avenue for knowledge-sharing.
Time of India
an hour ago
- Time of India
Auto sector pushes 3-step plan to cut China dependence for rare earth magnets
Squeezed for supplies, automakers have made a three-pronged suggestion to improve supplies of rare earth magnets over the next three years to reduce dependence on China. The Indian auto industry made a presentation to the ministry of heavy industries last week detailing strategies to attain self-sufficiency in supply chains . It suggested incentives for Indian companies to start local assembly of rare earth magnets, recycling of used magnets and outreach to resource-rich countries such as Australia, Vietnam, Chile, and Peru to secure supplies. Over a longer 3-10 years phase, they have proposed incentives to be introduced for large industrial players to set up manufacturing units for rare earth magnets with backward integration for raw material. Auto parts makers are likely to run out of stock of rare earth magnets early next month, which is likely to affect production of about a dozen critical components that go into electric vehicle motors as well as vehicle speed detection and automatic gear shifting systems. China announced export controls on medium and heavy rare earth-related items with a view to 'safeguarding national security' on April 4 in response to US President Donald Trump's tariffs. China accounts for about 70% of global rare earth metals mining and nearly 90% of production. 'The goal should be to ensure that India develops not only downstream capabilities but also upstream processing infrastructure', automakers said in the presentation, a copy of which was reviewed by ET. 'Financial and policy support must be provided to encourage public private partnership,' to build a complete domestic value chain, it said. This would include incentives for encouraging local mining and production of heavy rare earth magnets. However, till the time local mining, ore magnet production arrangements are done, the government must undertake measures to arrange for import from non-China based sources like Vietnam, Brazil, Russia, among others. In the near-term, though, the industry has said that the Indian government engages with counterparts in Beijing to relax export restrictions and help in expediting export control licenses so that automobile production in the country is not disrupted. 'While those making electric vehicles will be particularly impacted, the restriction eventually will affect all companies as these magnets are used in several key components including in electric power steering, parts for engine cooling and sensing exhaust gas concentration, engine spark ignition, among others,' said a senior industry executive on condition of anonymity, While some parts makers in Europe recently got approvals to source rare earth magnets, their Indian arms are yet to get a go-ahead from the Chinese ministry of commerce. The issue is complicated by the tense business and political relationship between India and China, experts said. As many as 35 Indian component makers import rare earth magnets from China. In its latest report CareEdge Ratings said delays in rare earth elements (REE) shipments for Indian auto OEMs may impact electric, Internal Combustion Engine (ICE) and hybrid vehicle production starting July 2025, particularly higher-end models that depend on REE-based technologies. 'Automakers might need to shift focus to mid-range or base models to address supply disruption. However, China's recent decision to temporarily allow REE exports to top US automakers offers hope for resolving the impasse for Indian companies as well', the ratings agency said in a note Thursday.
India.com
an hour ago
- India.com
Ratan Tata's Tata Group CFO salaries will SHOCK you! Highest-paid CFO earned Rs 210900000 in FY25, name is...
(File) Tata Group CFO salary: Top Chief Financial Officers (CFOs) of the Tata Group earned hefty annual salaries in FY25, with PB Balaji, the Group CFO of Tata Motors, emerging as the conglomerate's highest-paid CFO, followed by Tata Steel CFO Koushik Chatterjee, and Sanjeev Churiwala of Tata Power. PB Balaji highest-paid Tata Group CFO According to annual CFO compensation figures disclosed by listed Tata Group companies, PB Balaji, the Group CFO of Tata Motors, received a total salary of Rs Rs 21.09 crore in previous fiscal, making him the highest-paid finance executive of the group. Balaji's salary witnessed an increase of 1.47% from the previous year, the company said in its annual report. Tata Steel Executive Director and CFO Koushik Chatterjee was the second-highest paid CFO of the group, earning a total of Rs 13.99 crore in remuneration in FY25, including 5.28 crore in salary and allowances, Rs 2.33 crore in perquisites, and Rs 4.76 crore in commission and performance-linked incentives. Chatterjee's annual remuneration saw an 2.86% over the last fiscal, around 164.71 times the median employee salary at Tata Steel. Tata Group CFO salaries Meanwhile, Tata Power CFO Sanjeev Churiwala and Tata Chemicals CFO Nandakumar S. Tirumalai, received total renumerations worth Rs 7.08 crore, and Rs 3.42 crore, respectively, in FY25, according to details. Churiwala's total earnings saw a 3.29% increase compared to FY24, and included Rs 6.47 crore in salary and allowances, Rs 27.91 lakh in perquisites, and Rs 33.29 lakh in retirement benefits. Tirumalai's pay increased by 0.95% over last year, and his total earnings of Rs 3.42 crore included Rs 3.26 crore in gross salary and Rs 16.65 lakh listed under 'other' components. Notably, not all of Tata Group's 20 listed companies have disclosed their annual CFO salaries, including TCS and Tata Elxsi, who said that the FY25 remuneration is not comparable with FY24 as the prior year covered only part of the tenure, thus the renumeration for FY25 was not disclosed.
