The fall in turmeric price by over a half within a span of a month has left the farmers in distress.
The joy of a bumper crop has been shortlived as the price, which varied between ₹8,200 and ₹7,500 per quintal a month ago now fell down between ₹4,000 and ₹5,000. The heavy variation in price is due to the fact that it is based on national market situation and traded through the e-National Agriculture Marketing system. The traders are offering to pay a little more for the best quality turmeric.
However, only a price not less than ₹15,000 per quintal will fetch a profit, farmers feel. “If we sell our crop at the existing price we cannot recover even the expenditure that ranges between ₹80,000 and ₹1 lakh. The nine month crop needs huge investment including labour costs,” deplores a farmer, Vanda Narayana Komadikondur of Korutla mandal.
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The fall in turmeric price by over a half within a span of a month has left the farmers in distress. The joy of a bumper crop has been shortlived as the price, which varied between ₹8,200 and ₹7,500 per quintal a month ago now fell down between ₹4,000 and ₹5,000. The heavy variation in price is due to the fact that it is based on national market situation and traded through the e-National Agriculture Marketing system. The traders are offering to pay a little more for the best quality turmeric. However, only a price not less than ₹15,000 per quintal will fetch a profit, farmers feel. “If we sell our crop at the existing price we cannot recover even the expenditure that ranges between ₹80,000 and ₹1 lakh. The nine month crop needs huge investment including labour costs,” deplores a farmer, Vanda Narayana Komadikondur of Korutla mandal.
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