Friday, 25 December 2020

 

Terminal Markets: - 



A Terminal market is a central location, often in a metropolitan area, that serves as a place to assemble and trade agricultural commodities. There are various choices for disposing of the goods here. This can be sold to the end user, or to the manufacturer, or packed for sale, or even held at a future date for disposal. Therefore, it gives farmers various choices under a single roof. Usually, terminal markets work on a hub and spoke model where the markets form the hubs and are connected to various collection centers (spokes) near the production centers. The typical value chain structure for a terminal market as well as main activities and corresponding infrastructure specifications at each level are shown in the figure below: India's government seeks to encourage terminal markets as a way to integrate domestic goods with retail chains. Plans are being made to create these markets in eight cities across five states, at a cost of US$ 131 million. The called cities are Mumbai, Nashik, Nagpur, Chandigarh, Rai, Patna, Bhopal and Kolkata.

 

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