India: Banana Exports Slip & Slide, Farmers Face Severe Losses

Maharashtra's banana growers are reeling from one of the sharpest price crashes in a decade as geopolitical tensions in the Middle East in the previous months have cascaded to disrupt export routes and send domestic mandi prices into a tailspin. Wholesale rates have plunged to Rs 5–Rs 8 per kg, far below the Rs 18–Rs 22 needed for farmers to break even.

Key producing districts like Jalgaon, Nanded, Ahmednagar, Solapur, and parts of Marathwada are witnessing unprecedented distress as cultivators said they cannot recover even their basic harvesting expenses...

 

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