Section 5: General functions of each Board.
(1) It shall be the duty of each Commodity Board-
(a) to secure the most favourable arrangements for the purchase of the relevant commodity and subsequent sale thereof to meet domestic requirements and the evacuation to a port of shipment of any surplus to such requirements intended for export; and
(b) to purchase all relevant commodities which are offered for sale to the Board and which conform with the grades and standards of quality prescribed under any enactment; and
(c)
to promote the development and the rehabilitation of the producing areas generally and in particular to ensure that adequate supplies of fertilisers and improved seedlings and other requisite inputs are made available to promote the benefit and prosperity of the producers,
and for the avoidance of doubt, no Commodity Board shall have any exclusive rights in relation to the production, sale or purchase, processing of or any other matter in connection with the relevant commodities in so far as the domestic market is concerned but the Boards shall have exclusive responsibility for any commodity including processed and semi-processed commodities meant for export trade.
(2)
For the purpose of this section, the relevant commodities shall be as specified for each Board in the Second Schedule to this Act.
[Second Schedule.]
Cite this section
Section 5, COMMODITY BOARDS ACT (1977).
https://repo.podus.ai/laws/commodity-boards-act/section/5/