November 19, 2016

Demonetisation eating into farmers' profits, veggies sold at throwaway prices

Here's another bit of unwanted change the demonetisation drive has handed the common man, only this time around, it is to vegetable farmers in the state. The drive is forcing them to either dump their produce or sell it to agents at a loss. Traders from the APMC market say if lower denomination currency is not made available in the next few days, then the situation will be grim.

In Akola, farmers who were to cultivate their cabbage and cauliflower for sale are finding no traders to sell them. mid-day spoke to Yogesh Godse (30), a farmer who hails from Lahit Khurd village in Akola. He has cultivated cauliflower in his over one-acre of farmland and also sells his produce through the APMC market in Vashi.

Godse said, "A day before the Prime Minister announced the demonetisation, the traders would buy cauliflower at Rs 15 per kilo, then it dropped to Rs 9 and today only a handful of traders visit the market and quote their rate, which at present is Rs 3 per kilo, which doesn't not even cover our costs." Godse said he cultivates around 10,000 to 12,000 kilos of cauliflower this time of the year.

Amol Shivdas (29), another farmer from the same village said, "We used to sell cabbage at R8 per kilo and today due to lack of demand from the traders, we are not even able to get Rs 3 per kilo.

These are perishable products but since it is winter, they can remain fresh for three to four days. But after that it is a waste and we have to feed our cattle, we cannot even think of selling our produce at such a lower rate."

"There are no takers for our vegetables and as traders and customers don't have smaller denomination currency, the demand has fallen and we have to incur heavy losses," said Shivdas.

Source: http://www.mid-day.com/articles/demonetisation-eating-into-farmers-profits-vegetable-prices-mumbai-news/17768194

2 comments:

  1. the biggest issue now is change ,everyone is getting rs 2000 but lives of ppl runs with rs 10 ,100 ,500 which
    is not there yet. hope there would be small notes soon else how can one spent rs 2000 everywhere. who will
    give the change if no one has smaller notes ,how will ppl run their shops .should shops remain shut till
    smaller notes r available with banks ?
    and as per the above text farmers r making losses big time. may be only kids going to school remain unaffected.
    but normal ppl require small notes to make payments and buy regular things . its easier to sit in AC offices
    and say that ppl can buy goods from shops that have card machines .and make payments through cheques.
    so all shops in order to do business by force should have card machines or accept online payments and all
    customers should possess cards to buy / make payments. would this be even be possible here where
    so many ppl live in villages ,small towns and their daily life runs on smaller notes.
    imagine taking an auto ,the bill is rs 75 but u have to pay rs 100 as the autowalla say no change
    u give change. it is not his mistake ,he is right.u need to pay your housemaid rs 1200 but u have rs 2000
    what does one expect give them a cheque does it happen everywhere. for marriage ,for smallest of daily routine
    activities we require change.
    hope there would be small notes soon else there could be problems everywhere

    ReplyDelete
  2. India is truly becoming cashless now.

    ReplyDelete