Prices of Fruits & Vegetables have dropped
India
Thursday 26 February 2015
FJ
Prices rose before the " Pongal " festival then collapsed dizzily (-75 %).
Retail prices of Fruits & Vegetables collapsed in Tamil Nadu , southern India.
After the " Pongal " celebrations, a traditional festival in southern India , prices of Fruits & Vegetables dropped . A decrease of 50 to 75% is often seen in relation to prices before " Pongal " and sometimes a price that does not even cover 50% of the production cost.
The producers are in a dangerous position, some will be unable to repay their loans. They feel that the government should set a minimum purchase price for Fruits & Vegetables .
source : timesofindia.indiatimes.com