Maharashtra farmer in shock after he earns Rs 2.49 as net profit on sale of 512 kg onions
The farmer, 63-year-old Rajendra Chavan who resides in Barshi tehsil of Solapur, said his onion yield fetched a price of Rs 1 per kg at the Solapur market yard and after all the deductions he received this paltry sum as his net profit last week.
A farmer from Maharashtra's Solapur was in for a rude shock when he got to know that he has earned a profit of merely Rs 2.49 against the sale of his 512 kg onions to a trader in the district.
The farmer, 63-year-old Rajendra Chavan who resides in Barshi tehsil of Solapur, said his onion yield fetched a price of Rs 1 per kg at the Solapur market yard, and after all the deductions he received this paltry sum as his net profit last week, according to a PTI report
Chavan said, "I had sent 10 bags of onions weighing more than five quintals to an onion trader in Solapur for sale. But after deducting charges towards loading, transport, labour, and others, I received a net profit of just Rs 2.49 from him."
The rate the trader offered me was Rs 100 per quintal. The overall weight of the crop was 512 kg and the total price he got for the produce was Rs 512, he said.
Maharashtra | A farmer in Solapur received a cheque for Rs 2 after selling 10 sacks of onion, after the deduction of transport charges.
Mandi's trader says that the farmer was originally entitled to Rs 100/quintal due to the low quality of produce & low rates of onions that day. pic.twitter.com/m0TMLMTg7y
— ANI (@ANI) February 24, 2023
"After deductions worth Rs 509.51 against labour, weighing, transportation, and other charges, I received a net profit of Rs 2.49. This is an insult to me and other onion-growers in the state. If we get such returns, how will we survive?" he asked.
He said the onion farmers need to get a good price for the crop and the affected farmers get compensation. While Chavan claimed that the produce was of good quality, the trader said it was low-grade.
"The farmer had brought only 10 bags and the produce was also of low grade. That is why, he got Rs 100 per quintal rate. So, after all the deductions, he got Rs 2 as net profit," the trader said.
He added that the same farmer had received good returns in the recent past by selling more than 400 bags to me. "This time he brought the remaining produce that was hardly 10 bags and since the prices have gone down, he got this rate," he said.
Farmers leader and former MP Raju Shetti said that the onion hitting the market now is a 'kharip' produce and cannot be stored for a long time and that is why the shelf life of the product is short, the PTI report said.
"This onion needs to be sold in the market immediately and exported out. But due to glut, the prices of onions have nosedived in the market," he said.
He added that this onion is not being purchased by NAFED, so the only option is that the government should make the market available for this 'kharif' onion.
"The government's export and import policy regarding onions is not consistent. We had two permanent markets - Pakistan and Bangladesh, but they preferred buying onions from Iran instead of us due to the inconsistent policy of the government. The third market is Sri Lanka, but everyone knows their situation and no one is taking risks to send their produce," he said.
He added that the government should buy this onion or give subsidies to farmers.
With Agencies Input
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
01:00 PM IST