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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