What is the full form of APMC
What is the full form of APMC
APMC: Agricultural Produce Market Committee
APMC stands for Agricultural Produce Market Committee. APMC is a marketing committee established by a state government in India to ensure farmers are safeguarded from exploitation by large retailers, as well as ensuring the farm to retail price spread does not reach excessively high levels.
Each state which operates APMC markets geographically divide the state. Markets (mandis) are established at different places within the state. Farmers are required to sell their produce via auction at the mandi in their region.
Traders require a license to operate within a mandi. Wholesale and retail traders (e.g. shopping mall owners) and food processing companies cannot buy produce directly from a farmer.