Ginger prices hit rock bottom in India
About 300 farmers are agitated over the steep fall in the price. They had taken up ginger cultivation in 200 acres in Gudihatnur, Indravelli, Thamsi, Talamadugu, Jainadh, Ichchoda mandals and in 100 acres in Nirmal, Bhainsa, Lakshmanchanda, Sarangapur mandals. They had raised it in Chennur, Dandpalli and Jannaram instead of turmeric in the hope of securing higher profits.
With the drastic fall in the prices, farmers are incurring huge losses and facing a crisis. They are claiming a loss of Rs.50,000 per acre. In the absence of cold storage facilities, they are forced to sell at a low price to get rid of piled up stocks.
1 RS = 0.0151185USD
source: thehansindia.com
