Taskforce Submits Report On Agri Mktg Reforms

New Delhi, June 28: | Updated: Jun 29 2002, 05:30am hrs
The inter-ministerial taskforce on agricultural marketing reforms presented its final report to Union agriculture minister, Ajit Singh here on Friday.

Speaking on the occasion, Mr Singh said that the practice of fixing minimum support prices (MSPs) for various crops would continue. In fact, the taskforce has not called for its discontinuance. Attempts will be made to create different types of market mechanisms so farmers continue to get remunerative prices like introduction of forward trading, direct marketing by farmers, promotion of agro markets by private and co-operative sectors, contract farming, relaxation of state laws relating to agro marketing and free movement of agro produces. Besides, steps will be taken to make warehouse receipts a negotiable instrument for sourcing credit, facilitating pledge financing and marketing credit, setting up of storage infrastructure and application of information technology in agricultural marketing.