PERFORMANCE EVALUATION OF MAJOR AGRICULTURAL COMMODITIES TRADING UNDER UNIFIED MARKET PLATFORM -AN ECONOMIC ANALYSIS AT APMC, RAICHUR
Loading...
Files
Date
2019-08-17
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
UNIVERSITY OF AGRICULTURAL SCIENCES, GKVK, BENGALURU
Abstract
Agricultural markets in India are characterized by various shortfalls like inadequate marketing infrastructure, existence of malpractices in marketing system, no transparency trading practices, lack of market information, etc. Unified Market Platform (UMP) trade is implemented as an initiative by ReMS (Rastriya e- Market Service) in 2014. In this context the study is an attempt to evaluate the performance of major agricultural commodities trading under UMP. A sample of 100 farmers, 30 traders, 20 commission agents and 10 market officials totaling to 160 samples were selected randomly. Among 11 lakhs registered farmers under UMP trade in the State, 1200 farmers belong to APMC, Raichur. About 57 per cent of farmers were aware of UMP trade, whereas it was more than 90 per cent in the case of traders. The preference for UMP trade was significantly influenced by area under crop, education level and experience in e-marketing. It was found that, with the inception of UMP trade, the arrivals of a few crops have increased whereas a few other crops have declined. On the other side, prices of all the other commodities have increased due to the better price discovery. Increase in market competition, transparency in tender declaration and updated information about the prices were the advantages to the stakeholders under UMP. Delay in marketing process and lack of awareness on market fees were the major problems faced by the stakeholders. Infrastructure pertaining to quality assaying is needed for better functioning of UMP trade.