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Corporate

RBI research says onion farmers get 36% of consumers' spend, pitches for futures trading, pvt mandis

Indian-GRAPEVINE-rbi-research-says-onion-farmers-get-36-of-consumers-spend-pitches-for-futures-trading-pvt-mandis

Published 04 Oct, 2024

By Staff Reporter


A Reserve Bank of India research paper has suggested reforms in agricultural marketing, including increase of private mandis to help farmers realize better value for their produce.

The paper on vegetable inflation studying Tomato, Onion and Potato (TOP) prices noted that onion farmers get only 36 pc of consumers' spends, for tomato it stood at 33 per cent and for potato it was 37 per cent.

"As vegetables are perishable commodities, private mandis may be increased to improve transparency in marketing of TOP vegetables," the paper said, adding that the competition may also help improve the local-level agricultural produce market committee infrastructure.



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