Condemning the sudden crash in cocoon prices at the Government Cocoon Market yard in Ramanagaram town, hundreds of farmers staged a protest on Friday.
Chaos prevailed for a long time outside the market and vehicular movement on the Bengaluru-Mysuru highway was also hit. The Ramanagaram market is considered the second-largest cocoon market in Asia and every day, hundreds of farmers bring at least 30 tonnes of their produce for sale.
According to the agitators, cocoon was selling for Rs. 300 to Rs. 600 a kg, based on quality, size and breed. However, the trading price had collapsed to the range of Rs. 150 to Rs. 200 a kg on Friday.
The protesting farmers blamed the “anti-farmer policies” of the Union government for the price crash.
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