Fruit growers suffer losses as prices continues to crash
Mysuru: The first half of 2025 was bitter for fruit growers. After mango and jackfruit, now Indian black plum (nerale hannu) and pomegranate growers are in tears due to a price crash in the market.
The prices of mangoes continued to fall, with rates of most varieties now below Rs 100. The prices of Indian black plum, which were between Rs 200 and Rs 400 last year, crashed to Rs 100 per kg in the city market. A kilogram of pomegranate is available for Rs 60 to Rs 100, which was never below Rs 150 per kg in the previous years.
According to Baburao, a black plum grower from HD Kote, due to its health benefits, the fruit was giving bumper profits for the growers in previous years.
"Last year, it reached up to Rs 400 per kilogram. Every fruit was like a piece of gold. This year, there is no demand at all. The traders are demanding the fruit for Rs 50 to Rs 60 at the plantation," he said. "That is why I am selling directly. Due to excess supply, there are no takers," he said, and lamented that the quality of the fruit has come down due to early rain.
Meanwhile, pomegranate growers are demanding immediate govt intervention to save them.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Adidas Three Shorts With 60% Discount, Limited Stock Available
Original Adidas
Shop Now
Undo
Kaka Patil, a grower from Koppala, said he arrived to Mysuru to sell the crop as there is no demand locally. "Pomegranate never lets down the growers. But this year, we are selling it for half the price of last year," he said.
Karnataka Rajya Raitha Sangha and Hasiru Sene president Badagalapura Nagendra stated that the excess supply of pomegranate from neighbouring states has resulted in a price crash. "We are raising the issue with the state govt," he said. He also stated that he is surprised by the price crash of black plum, which is used in medicines.
Meanwhile, even during the end of the season, there is no reprieve for the mango growers, with prices continuing to fall. Badami and Rasapuri mango varieties are sold for Rs 40 per kg, causing a huge loss for growers.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
26 minutes ago
- Economic Times
Torrent Pharma shares in focus after Rs 11,900 crore JB Chemicals acquisition
Shares of Torrent Pharmaceuticals are likely to be in the spotlight on Monday, June 30, after the company announced a major acquisition worth Rs 11,917 crore to acquire a controlling stake in J.B. Chemicals & Pharmaceuticals Ltd, another player in the pharmaceutical sector. ADVERTISEMENT In a board meeting held on June 29, Torrent Pharma approved a multi-step transaction to acquire a majority stake in JB Chemicals. The acquisition comprises the following: Share Purchase Agreement (SPA): Torrent will acquire 7.44 crore equity shares, representing 46.39% of JB Chemicals' fully diluted equity share capital, from its promoter, Tau Investment Holdings Pte Ltd, at Rs 1,600 per share, amounting to approximately Rs 11,917 crore, subject to shareholder and regulatory approvals. Potential Employee Acquisition: Torrent may further acquire up to 44.99 lakh equity shares (2.80%) from certain employees at a price not exceeding Rs 1,600 per share, through employee stock Offer: Torrent has also proposed an open offer to public shareholders to acquire up to 4.17 crore shares (26.00%) of the expanded capital at Rs 1,639.18 per share, in accordance with SEBI's Takeover Torrent will gain promoter status and a controlling interest in JB Chemicals, positioning it to expand its product offerings and leverage synergies between the two firms. ADVERTISEMENT JB Chemicals, incorporated in 1976, is a publicly listed company with a consolidated turnover of Rs 3,918 crore and a net worth of Rs 3,433 crore as of March 31, 2025. The company has consistently maintained strong financial performance over the last three proposed acquisition is subject to approvals from the Competition Commission of India (CCI), shareholders, and other statutory bodies. Torrent Pharma anticipates completing the deal within six months. ADVERTISEMENT On Friday, shares of Torrent Pharmaceuticals closed 3.7% higher at Rs 3,344.40 on BSE. Also read: Nifty ready to scale new highs on bullish mood: Analysts (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
30 minutes ago
- Time of India
After announcing layoff plans, Intel may be asking this top strategy executive to exit
Intel's top strategy executive, Safroadu Yeboah-Amankwah , is reportedly departing the company. This marks the latest leadership change since Lip-Bu Tan assumed leadership of the US-based chipmaker in March. This exit follows Intel's recent announcement of layoff plans. According to a report by the news agency Reuters, Yeboah-Amankwah, who has served as Intel's chief strategy officer since 2020, will leave on June 30. The publication cited two individuals familiar with the matter who spoke anonymously to report this development. His responsibilities included overseeing growth initiatives, strategic partnerships, and equity investments for Intel. 'We are grateful for Saf's contributions to Intel and wish him the best,' the company said in a statement to Reuters. As per the Reuters report, some of Yeboah-Amankwah's strategic functions will now be handled by Sachin Katti, who was recently promoted to chief technology and AI officer at Intel. Moreover, Intel Capital, the company's venture arm, will now report directly to Lip-Bu Tan, two sources have confirmed to Reuters on the matter. Intel layoffs to start in the coming weeks Last week, Intel reportedly announced the dates for upcoming job cuts, confirming that layoffs would begin on July 15. According to a report by CRN, the company is starting the layoffs with 107 workers connected to its headquarters in Santa Clara, California. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Giao dịch CFD với công nghệ và tốc độ tốt hơn IC Markets Đăng ký Undo The move was part of a broader cost-cutting and restructuring initiative introduced by CEO Lip-Bu Tan in April this year to help improve the company's performance. As per the report, Intel filed a notice under California's Worker Adjustment and Retraining Notification (WARN) Act. The company stated in the filing that affected employees would either receive a 60-day notice or a four-week notice accompanied by nine weeks of pay and benefits. In a statement to the publication, an Intel spokesperson said: 'As we announced earlier this year, we are taking steps to become a leaner, faster and more efficient company. Removing organisational complexity and empowering our engineers will enable us to better serve the needs of our customers and strengthen our execution.'
Time of India
31 minutes ago
- Time of India
June 30, 2025, Birthday Forecast: Discover what the next 12 months hold for you
Happy Birthday 30 June 2025—Know What Numbers Whisper About Your Next 12 Months Happy Birthday! Your birth date has brought you here, so let us have a deep insight into what your numbers hold for you in the upcoming 12 months. Personal year For the next 12 months, you will be under the influence of Number 8 , which is ruled by Shani Dev. Let us dive into what the next 12 months hold for you Career & Finance For people born on June 30, The coming year will prioritize systematic advancement, inventiveness, and emotional fortitude. You bring a unique combination of emotional depth and expressive flare to your work life as a Cancer native who was affected by the balanced and imaginative number 3 (3+0). There are chances to relaunch, rethink, or rebrand your career path over the course of the following 12 months. Regardless of your field—arts, communication, wellness, business, or education—you will be expected to express your opinions more boldly and openly. Beginning in August, your capacity to project genuineness may open doors to new initiatives, clients, or leadership positions. This is the year to prioritize purpose in addition to income. new customers, initiatives, or positions of leadership. This is the year to prioritize purpose in addition to income. Waves of earnings followed by essential pauses to restructure may occur in your financial life. Spending excessively should be avoided, particularly when making purchases to conceal emotional discomfort or to boost one's status. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Agile in città o spazioso per i viaggi? Nissan Juke. Nissan Scopri di più Undo Set aside money for expansion, make skill-building investments, and ensure that your agreements and collaborations are properly recorded. This year, a hidden ability might surface that could result in an unanticipated source of money. Relationships For people born on June 30 , This year, you will have a yearning for both emotional stability and playful happiness. You'll probably draw a diverse crowd of admirers if you're single, but what you really want is someone who appreciates your emotional depth and shares your spontaneity and sense of humor. Between July and October, a promising relationship can emerge, particularly through shared friends, creative places, or travel. Emotionally fulfilling relationships, whether platonic or romantic, that provide you a sense of security and independence are encouraged this year. If you're in a committed relationship, now is a fantastic time to rekindle your bond through jokes, projects you both work on together, or even a little vacation. Health For people born on June 30 , Physical activity and emotional expressiveness have a direct impact on our health over the next 12 months. Being extremely sensitive to the emotional climate around you, unresolved stress might show up in your body, especially as changes in energy, skin sensitivity, or digestive problems. It's best to establish consistency in your self-care practices throughout the first half of the year. Consider warm, clean food, mindfulness exercises that help you process emotions rather than repress them, and light exercise like Pilates or swimming. Be on the lookout for symptoms of anxiousness, throat issues, or adrenal exhaustion between August and November as they may indicate that you're suppressing your emotions. Develop the ability to communicate politely yet firmly, and learn to say no without feeling guilty. Make your living and working areas serene and beautiful since your nervous system will flourish in emotionally stable and beautiful surroundings. Particularly successful will be therapies that integrate physical and emotional healing, such as energy work, somatic therapy, or massage. Travel For people born on June 30 , Insight, inspiration, and emotional release are abundant in travel in the upcoming year. You might feel compelled to travel more than usual, sometimes with purpose rather than just for fun. You should anticipate taking one or two travels between May and September that will assist you in emotionally resetting or reestablishing contact with neglected aspects of yourself. Spiritual hubs, historic cities, or coastal villages can appeal to you. A trip that includes a retreat, artistic workshop, or cultural immersion may be particularly life-changing. Travel that combines exploration and reflection is best done in September and December; these trips might even help you make your next major life decision. \ Insight, inspiration, and emotional release are abundant in travel in the upcoming year. You might feel compelled to travel more than usual, sometimes with purpose rather than just for fun. You should anticipate taking one or two travels between May and September that will assist you in emotionally resetting or reestablishing contact with neglected aspects of yourself. Spiritual hubs, historic cities, or coastal villages can appeal to you. A trip that includes a retreat, artistic workshop, or cultural immersion may be particularly life-changing. Travel that combines exploration and reflection is best done in September and December; these trips might even help you make your next major life decision. You Share Your Birthday With Arvind Swami , Avika Gor , Allari Naresh , Afzal Guru , Sithara (actress) Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .
