Friday, December 23, 2011

Bumper crop, lack of warehouses spell doom for farmers in UP

Distress is writ large across the faces of potato farmers in Uttar Pradesh. Their hopes of encashing the bumper crop year is likely to be crushed, thanks to low warehousing capacity and dearth of processing units in the country’s largest producing state of the commodity. Even as a fresh crop is near-ready to be harvested, around 8-9 lakh tonnes of carryover stock rotting in cold storages would have to be thrown out on the streets or burnt to vacate the warehouses to make space for the fresh stock


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(Note:-If this the Real News than why? the Rate of Potato has gone up from 590/-INR to 645/-INR, Is this Price Rigging artificial or what, Can anyone answer & what is the Exchanges role in this Hike.Farmer are force to dump Potato Crop on Road & prices on the platform of exchange is going up as the day passes)

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