Submitted by: Submitted by girijashetty
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Words: 2836
Pages: 12
Category: Business and Industry
Date Submitted: 07/20/2015 10:58 AM
Cantonment Vegetable Market,
Belgaum
- A Window to a Great Opportunity
MANNAT’06
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Exploring the Vegetable Market of BelgaumMannat ’06 threw upon us a big surprise by leaving us on the streets of the
vegetable market, to explore!!! I began walking along the shops wondering
what I was supposed to do for one hour. I just approached the agents to
know about the way this market functioned. As I moved to some more
shops, I realized people welcomed us and gave information. It was a nice
experience being noticed, felt very special (yes sometimes felt like a chimp
on the streets…). Jokes apart, this exercise was a great learning experience.
What is cantonment market all about?
Cantonment market in Belgaum is a platform where farmers sell their
olericultural produce with the help of the agents (middle men). It’s a routine
for these farmers to come every morning and sell their produce. Irrespective
of who the middle man is, they have to pay him an 8% commission for the
price they earn.
Agents???
Agents (middlemen) are the key players in this market. They help farmers
get customers to sell their produce. In return this farmer pays him 8%
commission on whatever he earns. Apart from this, the farmer also has to
pay the agent Rs.2 per bag of produce as the labour charges. Whether the
MANNAT’06
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farmer earns a profit or not, the agent gets his commission. The rate of
commission is uniform for all the agents and no one can violate it.
How the prices of vegetables are fixed?
The prices of the vegetables depend on the supply and demand. If the
demand for the vegetables is high then the prices of the vegetables shoot up.
The prices fall down if the demand is too low. Similarly if there is a market
glut (excess supply), the prices fall down. Some times if the supply of a
particular vegetable is very low then the prices soar high. The other factors
influencing the pricing are season, quality, market trend etc. The seasonal
varieties tend to have a high price. The exotic...