The regulated markets are established as per the provisions of the `Marketing of Agricultural Produce Acts’ of the State Government. The Commodities, with which themarket will deal, are also declared.Regulated markets aim at the development of marketing structure to ensure remunerative prices to the producers and to narrow down the price spread between the producer and theconsumer. It also aims at reducing the non-functional margins of the commission agents.
Basic objectives of Regulated Market
To ensure reasonable gain to the farmers by creating environment in markets for fair play of supply and demand forces,
To regulate market practices and attain transparency in transactions
Aimed at providing proper method of sale, correct weighing, prompt payment andvarious marketing related services
Democratic set up to control and manage marketsFor controlling the activities of the marketing, there is a `Market Committtee’. TheCommittee consists of representatives of the farmers, commission agents and theGovernment nominees.
Functions of Market Committee
The complete management of the market rests with the `Market Committee’.
The Committee issues licences to the Commission Agents, weigh men, and other functionaries.
The rate of Commission to be charged is fixed by the Committee.
Weighment is done properly by the weigh men appointed by the Committee.1