Daily Market Report All APMC – Agriculture Marketing: Research and Information Network (MRIN) a sub-scheme of ISAM was launched in March 2000 to provide electronic connectivity to the wholesale markets of the country.
The objective is to collect, analyse and disseminate market information to the farmers, traders, Policymakers and other stakeholders.
More than 3200 markets are covered under the scheme and more than 2700 markets are reporting data at Agmarknet portal. More than 350 commodities and 2000 varieties are covered under the scheme.
What is market information in agricultural marketing?
It encompasses two kinds of information: (1) the immediate information required on the market’s demand for specific volumes and quality of agricultural products and (2) the longer-term information on market trends (referred to here as “market intelligence”) required to make future plans for the farm.
The scheme is being implemented by the Directorate of Marketing & Inspection with technical assistance from the National Informatics Centre (NIC) and in association with the State Agricultural Marketing Boards/Directorates and APMCs.
Market Information about the price and arrival etc. for the agricultural produce is very vital to the farmers taking proper production and marketing decisions. The existence and dissemination of complete and accurate market information are key to achieve both operational and pricing efficiency in the marketing system.
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How many APMC markets are there in India?
Presently, markets in agricultural products are regulated under the Agricultural Produce Market Committee (APMC) Act enacted by State Governments. There are about 2477 principal regulated markets based on geography (the APMCs) and 4843 sub-market yards regulated by the respective APMCs in India.
The objective of the Scheme:
To establish a Nation-wide market information Network for speedy collection and facilitate collection and dissemination of information related to better price dissemination of market information and data for its efficient and timely utilisation. realization and market access by the farmers.
This would cover:
Market-related information price-related information infrastructure-related information market requirement related information to sensitize and orient farmers to respond to new challenges in agricultural marketing by using IT as a vehicle of extension.
To improve efficiency in agricultural marketing through regular training and extension for reaching region-specific farmers in their local language.
To provide assistance for marketing research to generate market information for its dissemination to farmers and other market functionaries at the grass-root level to create an ambience of good marketing practices in the country information relating to the Schemes in respect of agricultural marketing implemented by the Government Departments and central agencies.
Once the farm produce is standardised and labelled, backed by quality certification, it can be directly offered for sale on spot exchange in national and international markets.
The AGMARKNET portal also serves as a single-window for assessing websites of the various organisation concerned with Agricultural Marketing.
It also provides weekly price trend report for important markets in respect of major agricultural commodities. It is linked with the Online Exchange Portals for providing spot and future prices for important commodities.
International price trends of various agricultural commodities are also accessible through this portal.
See Daily Market Report All APMC: Click Here
List of State Agricultural Marketing Boards/Directorates: Click Here
What is the total market size of agriculture?
The global agriculture market grew from $12,245.63 billion in 2022 to $13,398.79 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term.
Which is the biggest agriculture market in India?
Enumamula Agriculture Market is an agriculture market located in Enumamula, Warangal, Telangana, India. It is the second-biggest grain market in Asia. It is spread over 117 acres.