The agricultural sectors of Perambalur, Ariyalur, and Tiruchy are facing a significant market upheaval. Shallot prices have dramatically fallen to an all-time low, from Rs 80 to Rs 20 per kg in the wholesale market, in the wake of a bumper harvest. This steep decline has caused widespread concern among the farming communities in these regions, known for their extensive shallot cultivation. The crop, which is typically harvested in 60-70 days, had become a popular choice among local farmers due to its previously stable market prices and short growth period. However, the current price drop has not corresponded with the costs incurred, averaging Rs 75,000 per acre, leading to substantial financial losses despite high yields.
The crisis has prompted an urgent call from the farming community for government intervention. They are advocating for the establishment of a minimum support price and the creation of proper storage facilities. Such measures are seen as essential to mitigate the impact of market fluctuations and to manage the surplus produce more effectively, especially in times of overproduction.
Meanwhile, the garlic market is experiencing a contrasting trend, with prices soaring from Rs 350 to Rs 450 per kg in a week. This increase is mainly attributed to reduced garlic production due to unfavorable weather conditions in areas like The Nilgiris, Kodaikanal, Dindigul, and Erode, and a decrease in imports from regions with poor harvests. The divergent market behaviors of shallots and garlic highlight the volatile nature of agricultural commodities and the critical need for strategic market interventions.