Business Standard

Wednesday, January 15, 2025 | 04:04 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Too many vegetables, too little money: Prices crash after note ban

Tomato farmers in Karnataka and Tamil Nadu were the worst hit since prices fell by 60-85%

vegetables
Premium

vegetables

Prabhu Mallikarjunan | IndiaSpend Kolar (Karnataka)
Sunil Kumar, a 31-year-old farmer in Tondala village, Kolar district, 85 km east of Bengaluru, lost Rs 3,00,000 in November when tomato prices crashed after the November 8, 2016, scrapping of 86 per cent of bank notes, by value, and the excess supply of vegetables. Kumar, who cultivates tomatoes on his five-acre farm, said he made a profit of Rs 30 lakh during the same time last year.

The 110 per cent drop in income from 2015 has come at a time when the weather — and so the harvest — was good this year, said Kumar. So, demonetisation couldn’t have

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in