India: who will be the new apple supplier?
India
Monday 24 June 2019
FJ
Less or perhaps no more American apples in the Indian market who has to look for new suppliers (photo: thehindubusinessline.com).
India has imported millions of kilos of American apples in 2018, but since this month these American apples are subject to higher taxes, which will cause a decline and possibly a halt of these imports. Who will supply apples to the Indian market?
By 2018 India had imported from the United States 8 million boxes of 40 pounds (18 kg). Since mid-June 2019, increased customs duties have come into effect. For Indian consumers, American apples now cost between INR 160-170 (US $ 2.30-2.45). A dissuasive price for the majority of consumers, which will cause a collapse of the demand for American apples.
Indian importers are looking for alternatives and new suppliers of apples.
source : timesofindia.indiatimes.com