Summary:
Compared to last year, exports dropped by 15 lakh - 20 lakh stems. —more-inRose exports, in the run up to Valentine’s Day, have seen a fall this year. With demonetisation hitting the domestic market for flowers, there was no buffer to absorb the fall in the export volume. When the supply exceeds demand even marginally, it pulls down the price of the entire stock of production. As exporters wind up the last of the Valentine’s Day despatches by the afternoon of Saturday, February 11, they have collectively seen an export of about 55 lakh flowers, a drop by 15 lakh to 20 lakh stems from last year..