Scores of activists of CPI and Andhra Pradesh Rythu Coolie Sangham (APRCS) staged a protest against the drastic fall in price of chillies at the agricultural market yard here on Monday.
Leading the agitation, APRCS State president K. Ramakrishna said that the chilli price which peaked at Rs 12,500 per quintal last year plummeted to as low as Rs 3,500 this season, inflicting heavy losses on farmers.
The market intervention measures claimed to be taken by the government failed in fetching remunerative price for the farmers.
Curbing futures trading would help in alleviating the farmers' plight, he opined.
The APRCS would organise State-wide protests if the government did not take remedial action urgently, Mr. Ramakrishna warned.
CPI district secretary Muppalla Nageswara Rao said the farmers themselves staged a protest recently demanding price support but they have only got assurances.