Andhra Pradesh: Mirchi Yard Chairman M Subba Rao warns exporters of action

NTR Mirchi Yard Chairman M Subba Rao has said that farmers and small traders are incurring losses due to hurdles being created by some exporters whom he warned with stern action.

Published: 14th June 2018 04:45 AM  |   Last Updated: 14th June 2018 04:45 AM   |  A+A-

NTR Mirchi Yard Chairman addressing a meeting with farmers and small traders at Guntur on Wednesday | express

By Express News Service

GUNTUR: NTR Mirchi Yard Chairman M Subba Rao has said that farmers and small traders are incurring losses due to hurdles being created by some exporters whom he warned with stern action.

Addressing a review meeting with market yard officials after receiving a complaint from farmers and small traders at Guntur on Wednesday, he said the exporters were doing more volume of business, leaving small traders in the lurch. He said certain guildelines would have to be framed to safeguard the interests of farmers and small traders.

Subba Rao said the traders were increasing their bank guarantee of Rs 10 lakh for sanctioning of export licences and getting surety of four export traders apart from showing ` 1 crore worth of their assets as personal surety to market yard for export licence.

He said earlier two export traders used to stand guarantee to a new exporter but now the number was raised to four. He asked the traders to install CC cameras on the premises to secure farmers’ produce who brought the stocks to sell in the market. He said the commission agents should take the document copies of allotment of the site for trading on the premises.  Market yard secretary M Venkateswara Reddy, assistant secretary Subramanyam, Ismail and Srikanth participated.

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