The Hindu·3 min read·medium
Ramanathapuram salt producers hit by price slump
C
C. Palanivel Rajan
✦AI Summary
Salt producers in Ramanathapuram are facing financial distress due to a sharp drop in market prices despite record-breaking production levels. Traders attribute the slump to an oversupply caused by large inventories of cheaper imported salt from Gujarat.
Intense summer heat and high wind speeds have driven salt production to peak levels across Ramanathapuram district this season. However, despite the bumper harvest, salt pan owners and workers are facing financial distress due to a sharp drop in market prices.
economybusiness
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