Bigbasket.com Comes to Aid of Crisis-Hit Farmers in Karnataka
bigbasket.com, India's largest online supermarket has taken a lead by voluntarily setting a subsistence price of tomatoes for farmers hit by crisis due to the sudden crash of tomatoes in Karnataka.
With a glut of tomatoes in the Bangalore market owing to a bumper harvest in the growing regions of Kolar, Malur and Chikbalalpur, prices in the wholesale markets have crashed to as low as Rs 1/- per kg. A price as low as this does not even recover the cost of production of tomatoes, which is around Rs 5/- per kg.
As a first step towards addressing the ongoing crisis, bigbasket.com has decided to pay the farmer a subsistence price of Rs 7/- per kg as against the market price of Rs 5/- to cover at least the cost of cultivation of the farmer and give him a sustenance income.
At the same t...