The Chikkaballapur district, renowned for its lucrative tomato cultivation, is currently grappling with a significant downturn as both domestic and international demand for tomatoes has plummeted. This downturn is leaving farmers in a state of despair and financial distress. Last summer, tomato prices soared, bringing farmers substantial profits.
As a result, many farmers in Chikkaballapur and the neighboring Kolar district enthusiastically planted tomatoes this year, anticipating similarly high returns. The quality of this year's harvest has been commendable; however, the market demand has not followed suit. As a result, many of the vibrant red tomatoes are rotting in the fields without buyers. Cultivating tomatoes on an acre costs over Rs 50,000, including expenses for seeds, fertilizers, pesticides, labor, transportation, and other costs.
Many farmers take loans to finance their crops in hopes of a good yield. Unfortunately, the current market prices have seen a dramatic fall. Historically, Chikkaballapur's tomato market would see the export of two to three containers annually, but this year has been starkly different.
Currently, the price for a 15 kg crate of tomatoes is fetching a mere Rs 100 to Rs 150 at auction. The lack of buyers has left traders in silence, unable to move their stock. Some farmers have abandoned their tomato crops altogether, while others have even destroyed their fields out of despair.
Read more at The Hans India
