assessment (e.g. moisture content), bagging, weighing and the delivery of produce within a narrow weight range. The product is assayed at the godown to verify quality (at Rs 500 per lot) and provided with a lot number. A choice can then be made as whether to sell the produce on the spot market on the same day, or to store the produce. In this case the decision needs to be made on whether to take advantage of warehouse credit scheme available and whether to lock the sales lot into a futures contract at an assured price. Lot size whether decided.
24. Three days after the sale is made, the buyer electronically transfers the payment to confirm the sequence of nos. in received chapter structure NCDEX Spot account. Here deductions are made:
i) To MSWC, for storing the produce (at Rs 20 / MT / month) and assaying the product (at Rs 500 per lot) and handling (at Rs 1.50 per 50 kg bag) , ii) For NCDEX Spot (at 0.1% of the value of the sale),
iii) To MSAMB / APMC (at 1% of value of sale, plus another 0.05% for supervision), and, if applicable, interest on the warehouse credit (at about 1% per month of the loan).
25. The information given in table in the chapter on FCSC, under the para ‘Estimated Farmer Returns’, shows that the farmer will get extra return of 5.2%, 9.0% and 16.30% if the produce is sold in APMC as graded; same day spot sale and sale after 3 months after taking advantage of Warehouse Receipt Credit Scheme, respectively.
26. The information in the table mentioned above provides an estimate of the potential additional returns that farmers can obtain by using the FCSC for their producer association to grade, clean and pack grain and to facilitate marketing through the APMCs, the Spot Market at MSWCs facilities,