Mahabubnagar: The farmer in Mahabubnagar district have been severely hit following a fall in the prices of groundnut and other grains up to Rs 1000 a quintal within a month of harvesting. Farmers who brought stocks of groundnuts to the Jadcherla Agriculture Market Yard are distressed that they won’t be able to repay their loans, because of the inadequate price.
The ryots were initially happy with groundnut price for a quintal touching over Rs 5,800. However, within a month it fell to Rs 4,700/3,800.
Farmers Mannem, china sheshayya and Mallesh told Hans India that they had hoped for higher profits this year than those in 2014. The farmers expressed anguish that their fate has not changed even after the Telangana Rashtra Samithi came to power in the State. The new administration has proved that it was no different from the previous dispensations, they grumbled.
Some ryots said that last year when crops were raised in more areas and 1.5 lakh quintals reached the market the price range was Rs 3,500-3,700 a quintal. This year with only 50,000 quintals being sold, the initial price of Rs 5,900 had fallen to Rs 4,600-3,200 within a span of one month.