The growing tensions in the Gulf region are beginning to influence the Indian market, particularly affecting the prices of dried fruits. Notably, pistachios, figs, and raisins are seeing a significant price rise. India imports a large amount of pistachios from Iran and California, USA. Currently, due to the conflict in the Gulf, major Iranian ports such as Bandar Abbas and Chabahar are closed, causing goods to be held up. Amid this crisis, supply from Iran has halted, increasing pistachio prices.
Spike in Pistachio Prices
Market experts report an increase in pistachio prices by ₹40 to ₹100 per kg. Previously, in-shell pistachios priced between ₹1,200-1,300 per kg and kernel pistachios between ₹1,500-1,600 per kg have now become costlier.
Figs and Raisins Might Also Become Pricier
Figs, mainly imported from Afghanistan, are already dealing with local tensions and logistical issues. The added Gulf crisis exacerbates these difficulties, with reports of price increases reaching ₹100 per kg. Meanwhile, the domestic raisin harvest is almost depleted, and dependence on imports means that supply shortages could also drive up their prices.
Source: aajtak
Source: aajtak
Source: aajtak
Source: aajtak
Source: aajtak
Walnut Prices Remain Stable
For now, walnut prices have remained stable, with local supply arriving from Kashmir. As a result, the walnut market isn’t yet affected by the Gulf tension and is expected to hold steady in the coming months.
Impact of Iranian Port Closures on Dried Fruit Prices
The closure of major Iranian ports like Bandar Abbas and Chabahar has blocked sea routes. The maritime route to India was a primary import channel. With ports closed, the shipments of dried fruits are stuck. Earlier tension between India and Pakistan had already impacted Afghan shipments, and the current halt from Iran adds to market uncertainty.
What Impact on Consumers?
The rising cost of dried fruits will directly affect consumers. Festivals, weddings, and occasions like Ramadan see increased demand for these items. Rising prices will escalate expenses. If tensions persist, the price surge in pistachios, figs, and raisins is likely to continue.
