Suppliers lose out
Problem is that the severe drought witnessed last year has not only reduced production by more than 35% but has also impacted quality. Exports in fact slumped by 42% to 77,266 kg in January-May as compared with the same period last year. By contrast, the export value has climbed by 14% to USD 74.995 million. High prices are also putting off buyers. Average export prices have surged by 97% since last year and range at USD 971/kg.
Prices finally shift
This has put a temporary stop to the decline in prices driven by t