The onion price, which stood at Rs 50 to 70 a kg a month ago, has plummeted to a mere Rs 6 a kg in the wholesale market. Although the farmers had got a bumper harvest of 90 to 120 quintals per acre, the poor price in the market has left them dejected.
The onion market in Sadasivpet town gets over 7000 tons of onions every year as farmers from both Vikarabad and Sangareddy district bring their produce to the market.
One farmer from Mominpet – in the Vikarabad district – said he got just Rs 300 per 100 kgs as the quality of his onion was poor. “A seed-producing company cheated farmers by giving a new variety of onions this year. As the quality of onions is very poor, the farmers are being offered just Rs 3 a kg for this variety,” he told telanganatoday.com. The farmer said that he will incur at least Rs 20,000 to Rs 30,000 loss per acre.
[ Rs 100 = €1.10 ]