In India, the food sector has evolved into a fast-growing and profitable sector due to its enormous value-creating potential, especially in the food industry. The Government of India accounts for about 32% of the country's total food market and has contributed to the growth and development of the food industry. India's grocery and grocery market is the sixth-largest in the world, with retail accounting for 70% of sales. Hence showing us the importance and scale of the Indian grocery and vegetable market.
What is a Vegetable Market?
The vegetable market is a forum where vegetable buyers and suppliers interact to buy and sell vegetables. The local vegetable market where farmers sell their products directly is called the Farmers Market or Mandis. Such markets sell fresh produce and are everywhere. For many hygienic reasons, people often choose to buy fruits and vegetables online or in supermarkets. These changes are already very difficult for farmers to sustain, which poses greater challenges for farmers. This is a bigger challenge, as the effects of improper implementation can prove to be very harmful to them.
About Indian Mandi System
Mandis is a place for bulk purchases and transactions of agricultural products. 98% of all Mandis are subject to other government regulations, if not perfect. These Mandis are the source of all retail channels and routes to the end-user of the product.
There are several governmental organizations involved in Indian agricultural marketing, such as India's Agricultural Cost Commission, Food Corporation of India and APMC. India’s mandi system is nationalized and is in government regulation. Every state has its own regulatory system for Mandis. This system varies from state to state. However, the basic idea that farmers bring their products to Mandis to sell their products remains the same. In these Mandis, your product is openly auctioned to dealers at a transparent price. To protect farmers from trader exploitation, the government has also introduced a minimum support price (MSP) that acts as the lowest price for agricultural products. According to NSSO data, about 6% of farmers receive (and maybe higher) MSPs and sell their products primarily to government-regulated Mandis. 94% of farmers sell outside Mandis. In light of this scenario, a farmer's account was introduced.
The majority of India's population depends directly or indirectly on agriculture for its income. System stability and growth and regulation in online markets such as Grofers, Big Basket, and E-marts need to be addressed as quickly and skillfully as possible.
Most famous Indian Vegetable Markets
Devraja Markets (Mysore)
Floating Vegetable Market (Srinagar)
Azadpur Sabzi Mandi (Delhi)
Pineapple Market ( Nongpoh, Meghalaya)
Gadodia Market (Delhi)
Crawford Market (Mumbai)
Koley Market (Kolkata)
For more articles on food Marketing, agrotech, and technology related to the Indian food industry, check out FMTmagazine. FMT Magazine is an edition of the German publication. It is a comprehensive food and beverage magazine that connects the buyers and the sellers through content that is of international quality. The magazine over the entire spectrum of the food industry including content on policies. FMT Magazine stands for Food Marketing & Technology Magazine. The magazine carries articles on ingredients, processing, packaging, food safety, and marketing, along with interviews with top personalities in the Indian food industry.
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