- APMC Acts regulate agricultural markets in most parts of India.
- The whole geographical area in a State is divided into market areas/mandis.
- Each market is managed by a Market Committee.
- No person or agency is allowed to freely carry on wholesale marketing activities outside the market.
- The first sale of agricultural commodities must be conducted under the aegis of the APMC.
- This is done through commission agents licensed by APMCs.
- Traders need a license and a shop/warehouse in the mandi to operate.
- Price discovery is supposed to happen through auctioning.