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‘New Ordinance will boost cashew sector growth in Karnataka’

The Karnataka Cashew Manufacturers’ Affiliation (KCMA) has explained the Farmers’ Produce Trade and Commerce (Promotion and Facilitation) Ordinance 2020 will assist boost the growth of cashew sector in Karnataka.

Welcoming the Ordinance, Subraya Pai, President of KCMA, advised BusinessLine that the two farmer and trader will benefit as they can freely transportation deliver all around the nation and opt for the greatest markets. With this, distress gross sales will occur to an stop.

APMC cess

Stating that APMC in Karnataka was charging 1.5 for every cent cess on raw cashew nut (RCN) uniformly, irrespective of the area of origin. This was incurring supplemental price to cashew suppliers in the Point out. The neighbouring States do not charge APMC cess on RCN, he explained.

With this Ordinance, inter-Point out movement of raw of cashew nut will turn out to be hassle-cost-free, as there will not be any requirement of permits and costs, he explained.

Stating that the Agricultural Produce Market place Committee (APMC) was conceptualised much more than five many years in the past, Pai explained the aim was to be certain reasonable rate to farmers, dissemination of industry information and facts and to avert their exploitation by intermediary and traders.

He explained the APMCs focussed generally on producing much more revenues around the years, and started off accumulating industry costs on trader-to-trader transactions, and on transactions done outside the APMC industry yards. The APMCs also unsuccessful to evolve with time. They have not adopted new systems and have turn out to be a hindrance to building nationwide markets, Pai explained.

APMCs to stay

This Ordinance will allow farmers and traders to appreciate the freedom of alternative in sale and order of agricultural deliver. The existing APMC markets will continue to functionality and can be used by farmers and traders if they wish to do so. But there will no for a longer time be any compulsion to use APMCs.

Pai explained this would facilitate barrier-cost-free marketing and advertising of agricultural deliver.

Revealed on

June 10, 2020

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