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Market Working

 

All the traders work on a commission basis. They have a fixed ceiling on the amount of commission that they can charge. This varies from commodity to commodity. The commission is charged on the selling price of the farmers. They are thus called commission agents. The purchaser pays a levy of 0.8 % on the amount purchased to the commission agent. This includes a market fee of 0.75% and a 0.05% maintenance fee. Both the receipts are then forwarded to the market yard office by the commission office.

Quite a few commission agents and traders have now got into the export act and are mainly supplying to clients in Europe and the Middle East. As India opens itself and sets itself free from the shackles of licensing, a world of opportunity is opening up for exporters. MAPMC is fully geared to support these exporters and ensure that Indian produce gets the recognition and the price that is due. Being located in Mumbai gives the MAPMC that edge - both the Sahar International airport and the JNPT port are merely an hour away from the MAPMC market.