Monday, June 16

Increase in prices

One of the burning problems of the present time is inflation. Why are the farmers in such a bad financial situation despite the increase in the price of these products? Where does this money go even though all the people of India always buy vegetables and fruits? Buyers and sellers have a random relationship with price increases. When the number of buyers exceeds the number of sellers, prices rise. When the number of sellers is large, buyers have many options and when the number of sellers is small, buyers do not have many options. However, when farmers bring everything to the market together during the growing season, the number of buyers decreases. This is because agriculture is climate dependent. And climate change is an inevitable issue of the times. Our country has suffered many times due to climate change. For example, in 2022, during the war between Russia and Ukraine, the price of rice was increased everywhere around the world. At that time, India had secure reserves and hoped for a bountiful harvest. But summer fell soon that time. This reduced the crop from 110 million tonnes to 102 million tonnes and India lost 8 million tonnes. On the other hand, if we could export this 8 million tonnes, our farmers as well as our country would benefit a lot. However, it is worth noting how much food is wasted despite all this. The sellers cannot sell the goods at the high price at the right time and have to throw away the goods. Therefore, we need proper conservation measures. So that our farmers do not have to throw away the crops which they have worked so hard for because of prices or weather.

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