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India: Ministry plans National Agriculture Market to end monopoly

By  |  June 1, 2015

In a bid to end the monopoly of a few licenced traders in agriculture mandis, who often manipulate prices and resort to unfair practices, the agriculture ministry has moved a proposal seeking Cabinet approval to set up a National Agriculture Market.

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    The scheme, to be implemented by creating e-market platform for 585 regulated wholesale markets in three years, will start with first 50 Agriculture Produce Marketing Committees.

    According to the Cabinet note, which has been circulated for inter-ministerial consultation, the objective of this initiative is to create a barrier-free efficient market for marketable surplus items that are available in mandis across the country.

    Full content: Reuters

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