Describe the ‘market structure’ for agricultural commodities in India.
Markets may be classified on the basis of various criteria.
Rural Primary Markets.
Periodic markets or haats and fairs (melas, jatras) are the major rural markets in India. Rural Primary Markets include mainly the periodical markets known as haats,shandies, painths and fairs which are estimated to more than 21,000 to a maximum of in the country. Inspite of the development o11f permanent shops, these play animportant role in the rural economy. They are the oldest trading institutions in xistence.These markets provide an opportunity not only to purchase consumer goods ut also to sell surplus agriculture and allied produce. The producers sell their produce directly to the consumers or to small rural retailers. The goods traded are generally of inferior quality and the volumes are low. These markets are largely unregulated and are generally held once in a week.15 These are located in rural and interior areas and serve as focal points to a great majority of the farmers – mostly
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