Too many vegetables, too little money: Prices crash post note ban

In November, the ruling price of tomatoes in the Kolar market was Rs 3-5 per kg

Sunil Kumar, a 31-year-old farmer in Tondala village, Kolar district, 85 km east of Bengaluru, lost Rs 300,000 in November when tomato prices crashed after the November 8, 2016, scrapping of 86% of bank notes, by value, and the excess supply of vegetables.

Kumar, who cultivates tomatoes on his five-acre farm, said he made a profit of Rs 30 lakh during the same time last year.

The 110% drop in income from 2015 has come at a time when the weather–and so the harvest–was good this year, said Kumar. So,