‘CONS’ UMERFED cons provision traders, commission agents too

Kozhikode: CONSUMERFED, which has ditched rice dealers, have similarly shabbily treated provision merchants also, whom they owe nearly re. 72 crore. Himanshu Kumar of Satish Kumar & Bros., of ‘Valiyangadi’ says that payments are due from January 2013 onward. Maharashtra, MP and Karnataka are main suppliers. Since CONSUMERFED has reneged on making payment on purchases from these states through commission agents, the latter are also hard up. In such a scenario, nobody wants to do business with the defaulter. In a continuation of the ‘exclusive’ on CONSUMERFED betraying merchants, ‘Mathrubhumi News’ reveals the plight of food grain and provision traders.

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