Fall in prices of small onions affects Indian farmers
Farmers claim their profits have dropped significantly in just the last week. This is due to the harvesting season being at its peak. Small onions, which are a 70 to 80 day crop, are cultivated on over 1,100 acres in Kongarapalayam and sold in local markets and places such as Coimbatore and Tirupur. A severe drought last year led to a steep rise in onion prices.
Farmers said that they earned reasonable profits last month, which however started to drop this month. “Earlier, we sold it for more than ₹ 50 (0.62 euros) per kg. But due to a larger supply, traders are purchasing the onions from us for less than ₹ 20 (0.26 euros) a kg now.”
Since most of the crops were harvested in the last week, the price of onions dropped, selling for between ₹ 20 and 30 (0.26-0.38 euros) in retail markets, while they sold for ₹ 150 (1.91 euros) a few weeks ago. According to thehindu.com, farmers say that once the winter season ends and new crops are planted, the price of onions will shoot up again.
Publication date: 1/24/2018
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