Question

Effect on prices in the absence of suitable warehouse facilities​

Answer 1

Answer:

Warehouses efficiently and orderly store commodities on a wide scale. They protect products from fire, wind, rain, etc. and also minimize losses caused by spoilage, waste etc. This is the fundamental function of any store. In addition, the warehouses still serve a variety of different roles today.

Warehouses perform the following functions-

i. Storing goods

ii. Protecting goods

iii. Financing

iv. Risk bearing

v. Processing

vi. Transportation

vii. Grading

Explanation:

Fresh meat, vegetables, fruit,  freshly made foods are perishable foods, which are processed for later use. Such food is preserved in refrigerators and cold storage to increase their life. Any of the vegetables and fruits do not deteriorate or become spoiled unless they are stored properly in a cold storage (warehouse) spot.

The absence of adequate storage facilities can affect the price of apples in the market. Apples being perishable goods, The lack of adequate storage means rodents and other species attacking. Depending on the extent of the harm, the damage caused by these infestations decreases market value. It is deemed in some cases unfit for use and must be destroyed. In the absence of proper storage facilities, farmers would be forced to sell apples at much lower prices since they have to dispose of their stock before it becomes unfit for consumption.

Explanation:

Answer 2

Answer:

Farmers are often forced to sell their commodities at significantly low prices, fearing that in the absence of adequate warehousing facilities they will perish, leading to losses. ... Food articles have a weightage of 14.33% in the Wholesale Price Index

Explanation:

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