Farmers hit as vegetable prices come crashing down after demonetisation
December 25, 2016  20:16
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The governments decision to scrap high-value currency has sent wholesale vegetable prices crashing to rock-bottom levels, bringing misery to millions of farmers hoping for good returns for their produce after two successive drought years.

Onions sold for just Re 1 per kilogram in wholesale markets at Madhya Pradeshs Neemuch and Mandsaur this week while tomatoes cost less than Rs 2 per kg in Andhra Pradesh and Chandigarh.

A kilogram of cauliflower fetched farmers just Rs 3 in Bihar and potatoes cost Rs 3-5 per kilogram in wholesale markets in Uttar Pradesh.

I am ruined, said Prem Patidar, a Neemuch farmer who sold his produce at one-fifth the production cost.

The steep fall has forced farmers to discard their produce in Andhra Pradesh, Chhattisgarh, Madhya Pradesh and Uttar Pradesh as they could not recover even transportation costs.
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