Price Of Onion Plummets; Farmers Reduced To Tears | Hubballi News – Times of India

HUBBALLI: Onion prices have crashed across the state following a bumper crop this season and farmers are now forced to sell onions at lower prices in wholesale markets.
The price of medium quality onion is hovering between Rs 300 to 600 per quintal and top quality is between Rs 800 and Rs 1,300, which is said to be the lowest in recent times.
NM Siddesh, president, State onion growers’ association, Bengaluru, said farmers had reaped good profit in the last two years following the lockdown that led to huge demand. Expecting higher profits, many farmers have grown onion in a bigger way during this Kharif season and now farmers had harvested the crop.
“We used to send onions to Maharashtra, Tamil Nadu, Andhra Pradesh and other states. As farmers in Maharashtra had a bumper crop, buyers from that state stopped buying. As 36 lakh farmers have grown onion on 26 to 28 lakh acres during kharif, it led to bumper crop,” he said.
“There are no takers for our onion and it has caused a glut in the market and prices crashed to as low as Rs 300 per quintal for below average onion and Rs 800 to 1300 is being paid for medium to top quality onions. Each farmer spends at least 15,000-20,000 to grow onion on one acre and it costs more for transport following fuel price rise. Many farmers had a huge stock of onion and were facing a huge loss,” said Siddesh.
while onion is being sold in local markets for Rs 15 to 20, it is only the middlemen who are benefitting and not farmers. The government should announce Rs 2,500 minimum support price for onion. If it fails to do so, we will launch protests and stop growing any crop for the next two years,” he threatened.
Shakeel Ahamed, an onion trader at APMC, Hubballi said, “We are now receiving a huge quantity of onion from Maharashtra and local farmers. Due to bumper crop, the price dropped to Rs 800 to 1,300 for good quality onions against Rs 3,000 to 3,500 two months back. Many farmers have now resorted to panic selling leading to crash in prices. Every day, 35-40 trucks carrying onions are arriving to APMC from Maharashtra and we don’t even have space to store it and not enough buyers.”
Sharanappa Mulimani, a farmer from Uttangi village, Vijayanagara district said, “I had grown onion on five acres by spending around 1.6 lakh. I had to sell my entire crop for just Rs 80,000. I suffered a huge loss, and the government should help us immediately.”

Source link


Sagar Biswas

Leave a Reply

Your email address will not be published.