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Demonetisation: Significant dip in sales of fruits, vegetables witnessed in wholesale market

Following Demonetisation Of High Value Currency Notes, There Has Been A Significant Dip In Sales Of Fruits And Vegetables In The Wholesale Markets As Most Retailers Are Running Short On Cash.

PTI | Updated on: 13 Nov 2016, 07:53:44 PM
Representative (Getty Images)

New Delhi:

Following demonetisation of high value currency notes, there has been a significant dip in sales of fruits and vegetables in the wholesale markets as most retailers are running short on cash.

Some of the wholesale trade chambers said they are mulling to shut the business for some days.

Delhi Agriculture Marketing Board recently approached banks to set up their special counters inside the Azadpur fruit and vegetable wholesale markets so that retailers could withdraw cash and exchange their old notes, but such request was turned down.

Chambers of Azadpur Fruit and Vegetable Traders are mulling to shut down wholesale markets for a few days as sales have been affected adversely because the retailers don't have cash to pay.

Business in both fruit and vegetable markets in Azadpur has slumped by almost 50 per cent, a senior government official said.

"The situation is such that vegetable and fruits are rotting every day as there has been significant dip in numbers of retailers coming here.

"Transporters are also refusing to accept cheques. We will have no option left but to shut down markets," a wholesaler said.



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First Published : 13 Nov 2016, 07:52:00 PM