BUSINESS
Bhimu Bavsingh Lamani made a total income of 50 lakh in 45 days after tomato prices soared throughout the state.
The increase in tomato prices has left the average person's wallet empty. Even though prices have changed, they have not returned to normal. Due to a continuing shortage in producer states, the retail price of tomatoes is predicted to rise to an all-time high of more than Rs 200 per kilo, according to ToI.
A farmer in the Vijayapura district of Karnataka became very wealthy by selling tomatoes. The Hindustan Times reported that Bhimu Bavsingh Lamani made a total income of Rs 50 lakh in 45 days after tomato prices soared throughout the state. On his four acres of dry land, the farmer grew tomatoes this season, and he estimated that if the current price held for another three weeks, he might make an additional Rs 50 lakh rupees in profit.
The farmer, 40, had previously grown crops like maize, grapes, and sugarcane and suffered losses. However, Lamani claimed that he had grown the crop and in just 45 days, he made a net profit of Rs 50 lakh due to the sudden increase in demand for tomatoes.
Lamani claimed in the past that he only received returns of up to 1 lakh rupees during periodic harvests, but now that he is cultivating tomatoes, he is receiving thousands of rupees each day. Lamani claimed that by selling tomatoes, other farmers were making money. By delivering up to 150 trays of tomatoes to the Agriculture Produce Marketing Corporation in Vijayapur, he made profits in the lakhs.
His profit on a tray of 25 kg of tomatoes has increased from between Rs 800 and Rs 1,000 to between Rs 2,500 and Rs 3,000. Each farm worker receives a daily wage of Rs 400 rupees while working with Lamani's wife Kamala to cultivate only tomatoes.
READ | Three months of Manipur violence: 5 unanswered questions
The Belagavi, Bagalkot, and Chikkodi belt in Kittur, Karnataka, is popular for its dry agricultural land and dry spell. An official explained to Hindustan Times that farmers in these areas are now choosing to grow tomatoes due to the land conditions and short harvesting time.
When will prices decrease?
Customers in north India typically rely on goods from hill states like Himachal Pradesh and Uttarakhand to fulfil their needs between May and August. Prices typically increase during this time due to the scarcity of supplies. Extreme rains that started on July 8 in north India, however, harmed the crop and disrupted supply points this month.
Over the past few months, the crop in these areas was also harmed by unusually high temperatures and rain. In addition, farmers didn't take as much care of their crops to prevent pest infestations or add nutrients for higher yields as prices dropped. According to ToI, traders estimated that costs would likely stay high for the duration of the month and could possibly only begin to decline in the beginning week of September when more supply is anticipated from Maharashtra.
DNA TV Show: Sebi chief Madhabi Puri Buch to appear before PAC; what's on agenda?
Malayalam actor Bala gets married again amid legal troubles with his ex-wife Amrutha Suresh
Sonam Kapoor, Anand Ahuja buy Nirav Modi's iconic music store house in Mumbai for Rs 478 million
‘Flying Beast’ Gaurav Taneja faces backlash for bursting crackers near…; watch viral video
Emerging Teams Asia Cup 2024: Tilak Varma, Ayush Badoni star as India A beat Oman by 6 wickets
IND vs AUS: Brett Lee wants THIS fiery pacer to replace Mohammed Shami in Border-Gavaskar Trophy
'I don't eat anything...': Here's how Orry lost 23 kg without going to gym
Here's why Abhishek Bachchan was absent from Aishwarya Rai’s cousin’s birthday celebration
'These videos are...': Pakistani TikToker Minahil Malik's obscene video leaks online
Akash Ambani postponed his wedding with Shloka Mehta due to..., know story here
Zimbabwe create world record, post highest team score in T20 cricket history
Here's how Isha Ambani spent her birthday eve with Radhika Merchant
PM Modi, President Xi hold structured bilateral talks at BRICS Summit, first in 5 years
Aabha Paul's Gandii Baat brings legal trouble for Ekta Kapoor, Shobha Kapoor, makers booked under...
Watch: Sara Arfeen Khan to get evicted from Bigg Boss 18 house due to this shocking reason
PAK vs ENG: Pakistan announce playing XI for third Test against England
Shah Rukh Khan gifts luxurious car to son AbRam, it is equipped with refrigerator, TV and costs Rs…
IND vs NZ 2nd Test: Predicted playing XIs, live streaming, pitch report and weather forecast of Pune
Viral video: Man climbs high tension pole, makes this bizarre demand, WATCH what happened next
Rishabh Pant overtakes Virat Kohli in ICC Test batters' rankings; Rohit Sharma drops two places
Fake or real paneer: How to check its purity at home?
IND vs NZ, 2nd Test Dream11 prediction: Fantasy cricket tips for India vs New Zealand match
Shradhha Kapoor uses Shah Rukh Khan's name to distract paparazzi, gets trolled
How To Prepare For The UPSC CSE 2025 Exam?
'India supports dialogue and diplomacy, not war': PM Modi at BRICS Summit
This woman lost in Dubai's desert orders camel via Uber, netizens say 'your camel has arrived'
After BIG announcement, shares of Anil Ambani's Reliance surge by 5%, market cap reaches Rs...
Good news for Vijay Shekhar Sharma, Paytm gets NPCI nod to..., shares surge over 7%
Fan requests Rohit Sharma to deliver her message to Virat Kohli, here's how Indian captain responded
Rajkummar Rao recalls being scammed in Delhi during struggle days: 'The man had...'
Robbers pose as customers in jewellery shop, what owner did next will leave you shocked
Maharashtra Elections 2024: NCP releases 1st list of 38 candidates; Ajit Pawar to contest from…
Japanese Shah Rukh Khan leaves Bollywood Badshah's fan impressed, social media says...
Will KL Rahul be retained by LSG ahead of IPL Auction? New report provides BIG update, it says...
'Wayanad will have two MPs': Rahul Gandhi after Priyanka files nomination for bypolls
I Want To Talk teaser: Abhishek Bachchan announces his next with Shoojit Sircar, to release on...
Diwali 2024: When is Deepawali, October 31 or November 1? Check dates, mahurat timings and more
JEE Main 2025 exam date to release TODAY: Know how to register, check exam calendar HERE
Jhalmuri fever hits London: Video of British man selling Kolkata-style street food goes viral, watch
SC slams Centre as Delhi air worsens, calls environment laws...
Ex-cricketer suggests replacing KL Rahul with THIS batsman for 2nd Test vs NZ, he is…
TMC MP Kalyan Banerjee smashes bottle, hurls it towards Chair in row over Waqf meet
Know how Mukesh Ambani and Nita Ambani's children Isha Ambani and Akash Ambani got their names
Family finds venomous snakes under their bed, what happened next will leave you in shock
This company's Vice President gets fired after raise and bonus, reason will leave you shocked
Mukesh Ambani-led Jio Financial eyes JVs with Allianz SE in insurance sector
IMD's BIG update: Cyclone Dana forms over Bay of Bengal, to cross Odisha-Bengal coasts on...
This company gifts cars as Diwali bonus, calls its employees celebrities, is owned by…
Amid divorce rumours with Aishwarya Rai, Abhishek Bachchan skips her family gathering
When Ratan Tata opened up about his parents separation, first love and childhood, he said...
Blow to Mukesh Ambani ahead of Isha Ambani, Akash Ambani's birthday, Reliance stocks...
Saudi Arabia's futuristic megacity project Neom a big threat to migratory birds? Experts say...
Apple CEO Tim Cook didn’t know about this iPhone feature, left speechless, know here
Mukesh Ambani's Reliance Jio offers superhit Diwali plan, unlimited 5G internet for just Rs...
Bengaluru Rains: Schools closed, WFH advisory for private companies as IMD issues yellow alert
Israel confirms killing of Hashem Safieddine, presumed successor of Hezbollah chief Hassan Nasrallah
Big move by Anil Ambani, his company to invest Rs 10000 crore to set up India's largest...
Meet Indian genius, who was born in small town, today leads AI innovations of Google, she is...
Woman stays at luxury resort worth Rs 3 lakh for free, claims she used...