The APMC Kullu & Lahoul Spiti was constituted in 1977 under the H.P. Agri. Produce Market Act 1969 ( Act No. 9 of 1970) which has been replaced vide section 86 of the H.P. Agricultural & Horticultural Produce Marketing ( development & regulation ) Act, 2005 ( Act No 20 of 2005) as assented to by the Governor on 25th May,2005 for better regulation of sale purchase of Agriculture Produce and to provide better marketing information facilities to the growers of the district. The area of operation of Market Committee was notified as the entire district of Kullu & Lahoul Spiti vide notification No. HMB-3/72 (ii) dt, 24 July 1973.
In its earlier days, the Committee started functioning with only a few dealers that has been risen up to 426 by 31th Dec.2009. Initially, the income of Marketing Committee was in thousands which has now increased up to Rs.3,26,43,250/- till Feb.2010.The Market Committee is meeting with its official and development expenses out of its own income sources.