Horti-Business Management (2+0)

Regulated markets in India

• The poor standard of primary and secondary commodity markets where producers convert their produce into cash, the prevalence of various malpractices such as short weights, excessive market charges, unauthorized deductions and allowances made by commission agents, adulteration of produce and the absence of machinery to settle disputes between sellers and buyers were recognized as the main hindrances in agricultural marketing as early as 1928 by the Royal Commission on Agriculture on a national scale, which observed that "these can only be removed by the establishment of regulated markets".