Vegetable prices have also been crashing: a kg of beans is now selling at Rs. “The prices have come down by over 30 per cent in the last week alone,” said a senior official heading the vegetable procurement section in a leading retail chain. However, procurement officials fear that the supply-demand cycle may soon be reversed if the cash crunch continues for a longer period, affecting crop patterns. But they are not being paid for their produce immediately, further worsening the cash crunch. If this affects sowing this season, then we will soon stare at low supplies and skyrocketing prices,” the official said.

Source: The Hindu November 21, 2016 00:00 UTC