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Price Parity in Agriculture trade in India and Role of Market Galee

Posted By - Admin 29 September 2017
29
Sep

India is Second largest agricultural produce in the world. Contributing 16% to overall GDP, India’s agricultural industry stands at roughly 322 Billion Dollar.


Despite,being one of major contributor to GDP, the price parity in agriculture industry is almost nonexistent.
Following reasons were identified as major drivers of price imparity
  1. No transparency on supply and demand
  2. Incomplete and inefficient Broken -and-Farmer network
  3. Invisible buyers and closet seller
  4. Food waste with ineffective selling options
MarketGalee has determined that with high growth rate of mobile user subscription and newer 
has created a list of 100 smart cities with 500 additional cities that have potential to be the network of its smart pricing strategy.

In a small survey conducted by MarketGalee in September 2016, on average Tomato prices by state, astonishing results were found (Figure 1). The prices across the states fell on a rather large spectrum with highest price being as much as 600% higher than lowest selling price


It involves some very simple steps

1. One time marketgalee portal registration

2. Take a picture and post an ad

3. Connect with Farmers, Brokers,Wholesalers

4. Make a deal

5. Cashless transaction

6. Rate each other and build a your network

MarketGalee, it's simple, It's Transparent and it's better