Nasik : The vegetable prices have decreased due to severe cash crunch and heavy arrivals. With lower number of traders entering the auctions in Agriculture Produce Market Committee (APMC), retailers are directly buying up at dirt-cheap prices in Nashik. The scenario is similar throughout the state.
The former Chairman of Lasalgaon APMC, Nanasaheb Patil said that traders were reluctant to purchase the farm produce due to the prices. “They say their profits are negligible since the prices have fallen.”
He added that the purchasing power of the traders too has fallen down. “The shortage of currency notes has severely affected the daily functioning of these markets. The buying power of all sectors – farmers, traders and consumers too has reduced drastically. While, those who have Rs 100 denomination notes don’t want to use it,” Patil said. Nandkumar Daga, one of the biggest onion traders in Lasalgaon said that, it was very hard to conduct trade in the current situation. “We desperately need cash to pay labourers and other daily wage earners who cannot be paid in cheques or other forms. We are facing immense problems. We also feel the problem will continue for some more time,” he said. The APMC Chairman Dr Atmaram Kumbharde admitted to Free Press Journal that the cash shortage seems to have affected the farmers.