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COMMODITY EXCHANGES AND DERIVATIVES MARKETS EVOLUTION, EXPERIENCE AND OUTLOOK IN THE CEREAL SECTOR








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    TOWARDS AN INDIAN COMMON MARKET: REMOVAL OF RESTRICTIONS ON INTERNAL TRADE IN AGRICULTURE COMMODITIES 2007
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    The key objective of the National Commission on Farmers (NCF), Government of India, is to arrive at a comprehensive medium-term strategy for food and nutrition security in the country to move towards the goal of universal food security over time.1The current study has been undertaken by FAO at the request of the NCF through Government of India, Ministry of Agriculture to study the possibilities of emergence of a farmer centric Indian common market catering to both over a billion consum ers within the country and consumers abroad. The technical project has been initiated to study the possibilities of removal of unnecessary restrictions on the movement of agriculture products both within and between States in India and measures that could be taken for better market integration. In this process at the request of the Commission, the FAO studied the European Union market integration experience, and looked into the legislative, political and economic measures taken durin g the process. The European experience is described not as much to establish any direct applicability but to understand the political processes and the economic measures that led to adoption of a common and eventually a single market in that region.
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