Journal Press India®

Towards Sustainable Indian Agri-commodities’ Markets: Experiences, Innovative Model and Future Agenda

Vol 7 , Issue 2 , July - December 2020 | Pages: 48-63 | Research Paper  

 
Article has been added to the cart.View Cart (0)
https://doi.org/10.17492/jpi.pragati.v7i2.722022


Author Details ( * ) denotes Corresponding author

1. * Minakshi Kar, Associate Professor, Department of Commerce, Dyal Singh College, Delhi, India (minakshi.du@gmail.com)

Progress in agriculture in the last few decades has made it possible for the country to meet its minimum needs for agricultural commodities. Though, in India, improvement in agriculture has been noticeable for the stakeholders still there are many issues and challenges before the policy makers for development of agri-commodities’ markets. Major findings in the literature indicate improvements in warehousing facilities, better informational networks, better price discovery, connectivity of markets and engagement of sustainable farming practices. This paper has also drawn from the Public Private Partnership (PPP) experiences to understand sustainable agri-commodities’ market models. This has helped in empowering farmers with information and knowledge, to take on market-impelled production, building post-harvest infrastructure, providing competitive channels for marketing to farmers and providing efficient and cost effective service. Thus, the need of the hour is to develop the agricultural supply chain, foster innovation, build and upgrade ‘mandi’ infrastructure, and provide business promotional services to farmers and their enterprises as has been envisioned in several legislations.

Keywords

Agri-commodities markets; Sustainable models; Supply chain.

  1. Acharya S. S., & Agarwal, N. L. (2004). Agricultural marketing in India.  New Delhi, Delhi: Oxford and IBH Publishing.
  2. Acharya, S. S. (1994).  Marketing environment for farm products-emerging issues and challenges. Indian Journal of Agricultural Marketing, 8(2), 162-75.
  3. Ali, J., & Gupta, K. B. (2007). Agricultural price volatility and effectiveness of commodity futures markets in India.  Indian Journal of Agricultural Economics. 62(3), 537.
  4. Bowonder B., Gupta, V., & Singh, A. (2002). Developing a rural market e-hub: The case study of E-Choupal experience of ITC. Indian Planning Commission Report.
  5. Dev, S. M. (2012). Small farmers in India: Challenges and opportunities. WP-2012-014, Indira Gandhi Institute of Development Research, Mumbai. Retrieved from http://www.igidr.ac.in/pdf/publication/WP-2012-014.pdf
  6. Dey,  A. (2014, Sept 18). Various states start amendment of APMC Act to begin market reforms, Business Standard, p 5.
  7. Dummu T. R. (2009). Commodity futures market in India: Its impact on production and prices. Indian Journal of Agricultural Economics, 64(3), 333-356.
  8. Fafchamps, M., Vargas-Hill, R., Minten, B. (2008). Quality control in non-staple food markets: Evidence from India. Agricultural Economics, 38, 251-266.
  9. Ge, Y., Wang, H. H., & Ahn, S. K. (2008). Implication of cotton price behaviour on market integration. Proceedings of the NCCC-134 Conference on Applied Commodity Price Analysis, Forecasting and Market Risk Management, St. Louis.
  10. GoI (Government of India) (2017). Report of the committee on doubling farmers’ income. Ministry of Agriculture & Farmers Welfare.
  11. GoI (Government of India), Ministry of Agriculture (2002). Report of inter-ministerial task force on agricultural marketing reforms, Department of Agriculture and Co-operation. Retrieved from https://dmi.gov.in/Documents/ReportTaskForceAMR.pdf
  12. GoI (Government of India), Ministry of Agriculture and Farmers Welfare (2017).  The State /UT Agricultural Produce And Livestock Marketing (Promotion & Facilitation) Act, Department of Agriculture Cooperation & Farmers’ Welfare.
  13. GoI (Government of India), Ministry of Agriculture, (2011), Annual Report. Indian Council of Agricultural Research. Retrieved from https://icar.org.in/files/reports/icar-dare-annual-reports/2010-11/PHM-Value-addtion-AR-2010-11.pdf
  14. GoI (Government of India), Ministry of Finance, (2018). Economic Survey 2017-18. Retrived from http://mofapp.nic.in:8080/economicsurvey/
  15. GoI (Govt of India), Ministry of Agriculture (2013). Final Report of Committee of State Ministers, In-Charge of Agriculture Marketing to Promote Reforms. Department of Agriculture and Co-operation. Retrieved from https://dmi.gov.in/Documents/ stminprreform.pdf
  16. GoI (Govt of India), Ministry of Consumer Affairs (2013). Report of Working Group on Consumer Affairs. Department of Consumer Affairs. Retrieved from https://consumeraffairs.nic.in/sites/default/files/fileuploads/recommendation_of%20working_group/1535352127_Working%20Group.pdf
  17. Hegde, N. G. (2010). Development of value chain for sustainable agriculture. Financing Agriculture, 42(7), 26-28.
  18. Hegde, R. N., &  Madhuri, N. K. (2013). A study on marketing infrastructure for fruits and vegetables in India.  National Institute of Rural Development Research Report Series 91.
  19. Indian Brand Equity Foundation (2018). Indian food industry. Retrived from  https://www.ibef.org/industry/indian-food-industry.aspx
  20. ITC (2015). Sustainability report, Retrieved from https://www.itcportal.com/ sustainability/embedding-sustainability-in-business.aspx
  21. Kumar,  S., & Sunil, B. (2004). Price discovery and market efficiency: Evidence from agricultural future commodities. South Asian Journal of Management, 11,  34-49.  
  22. Kumar, A. G., Gulati, A., & Cummings, R. Jr. (2007).  Food grains policy and management in India: Responding to today's challenges and opportunities.  Indira Gandhi Institute of Development Research, Mumbai. Retrieved from http://www.igidr.ac.in/pdf/publication/1306148790s_PP-056.pdf
  23. Kumar, R. (2010). Mandi traders and the Dabba: Online commodity futures markets in India.  Economic and Political Weekly, 45(31), 63-70.
  24. Minakshi, A., Swain, K., & Kaur, A. (2016). Sustainable agricultural marketing strategies and practices: An Indian experience, In McIntyre J. R, Ivanj S., Ivanj V & Kar R. N. (Eds.), Emerging Dynamics of Sustainability in Multinational Enterprises (pp 250-266), Northamptom USA, Cheltenham, UK: Edward Elgar.
  25. Planning Commission, (2011). Report of the working group on agricultural marketing infrastructure, secondary agriculture and policy required for internal and external trade for the xii five year plan 2012-17. Agriculture Division, Planning Commission, Government of India, Retrieved from http://www.agritech.tnau.ac.in/ta/amis_ta/ pdf/XII_Draft_Policy_Agrl_Marketing.pdf
  26. Rangarajan C., (1997). Emerging imperatives of agricultural marketing in India. Indian Journal of Agricultural Marketing, 11(3),143 – 150.
  27. Sahadevan K. G., (2002). The sagging agricultural commodity exchanges: Growth constraints and revival policy options. The Economic and Political Weekly37(30), 3153-60.
  28. Singh A.,Vasisht A. K., Atteri B. R., & Singh D. (2004). Assessment of market infrastructure and integration: A case study of Orissa. Indian Journal of Agricultural Marketing, 18(3), 30-39.
  29. Talwar V., Mastakar, N., & Bowonder, B. (2005). ICT Platform for enhancing agricultural productivity: The case study of Tata Kisan Kendra. International Journal of Services Technology and Management, 6(3-5), 437 – 448.
  30. Tse, Y., & Xiang, J. (2005). Market quality and price discovery: Introduction of the E-mini energy futures. Global Finance Journal, 16(2), 164-179.
  31. Vadivelu,  A., &  Kiran, B. R. (2013). Problems and prospects of agricultural marketing in India :An overview. International Journal of Agricultural and Food Science, 3(3), 108-118.
  32. Vaswani, L. K.,  Das, P. K., Parida, P. K., & Mandal, T. (2011). Study of vegetable  marketing system in erstwhile Cuttack and Puri districts in Orissa.  Report submitted to OSAMB by KIIT School of Rural Management, Bhubaneswar.
  33. Wader, L. K., & Murthy, C. (2003). Textbook of agriculture marketing and cooperation, New Delhi: ICAR Publication.
  34. Yang, J., Bessler, D. A. & Leatham, D. J. (2001). Asset storability and price discovery in commodity futures markets: A new look. The Journal of Futures Markets, 21(3), 279-300.
Abstract Views: 18
PDF Views: 16

Advanced Search

News/Events

3rd International Co...

About the Conference At the outset, the multifarious Covid-19 pande...

International Confer...

ABOUT THE INTERNATIONAL CONFERENCE Today, the world of business is ...

Call for Reviewers

In keeping with JPI’s policy of commitment to high standards of ...

Call for papers

JPI invites original and unpublished manuscripts in the areas of comme...

By continuing to use this website, you consent to the use of cookies in accordance with our Cookie Policy.