India: Banana farmers in Kerala battle low retail prices

Published 2020년 12월 7일

Tridge summary

Farmers in Punjab and Haryana are protesting for the continuation of minimum support prices (MSP) for their produce, while farmers in Kerala and other parts of India who do not have MSP face difficulties. Banana farmers in Kerala are experiencing low retail prices and setbacks due to the COVID-19 lockdown and reduced demand. The surge of bananas from other states has resulted in a price crash for Kerala's quality produce. In response, the Kerala Agricultural University has purchased bananas from farmers to convert into value-added products. India is also struggling with surplus produce of various agricultural items such as wheat, rice, and sugarcane.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Kottayam: While farmers from Punjab and Haryana are laying siege to national capital New Delhi demanding continuity of minimum support prices (MSP) for their produce, many other farmers across India who do not have the MSP safety net are in dire straits. Farmers who cultivate farm produce that are covered by MSP can at least be assured of a support price but that is not the case for others who have to depend on open markets to sell their produce. Fruit growers in Kerala, particularly banana farmers, have fallen into hard times with retail prices at a low of Rs 25 (Dhs1.25) per kg. Given the large margins of intermediaries in fruit and vegetable markets, a retail price of Rs 25 kg can mean that the farmer would be getting roughly Rs 15 per kg of bananas. It has been a series of setbacks for banana farmers in the state this year with the COVID-19 lockdown affecting sales in the first half of the year, followed by depressed demand in later months. The biggest blow came in November ...
Source: Gulfnews

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.