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Better prices for farmers: Online warehouse-based trading soon

The trading will initially start from state owned warehouses of Warehousing Development and Regulatory Authority (WDRA).

, ET Bureau|
Updated: Jun 29, 2019, 09.07 AM IST
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NEW DELHI: The government plans to launch warehouse-based trading over electronic platform National Agriculture Market (eNAM) — which aims to provide competitive prices to farmers.

This will help farmers sell their produce directly from godowns without hurdles and contribute to the government’s plan to double their income. “We will soon start inter- and intra-state trading of agri-produces on eNAM platform directly from godowns. This will be a step towards increasing farmers income. The platform is ready,” said an agriculture department official.

The trading will initially start from state owned warehouses of Warehousing Development and Regulatory Authority (WDRA), which regulates and promotes orderly growth of the warehousing business. There are nearly 1,000 warehouses across the country.


The model Agricultural Produce Market Committee (APMC) Act 2017, which aims at providing real prices to farmers, has a provision to declare godowns or warehouses as market which would bring markets closer to the farmers and facilitate them with credit facilities against the produce. “At present, states like Andhra Pradesh, Karnataka, Maharashtra, Telangana, Uttar Pradesh and Arunachal Pradesh have made provisions to declare godowns and warehouses as markets enabling farmers to trade directly from there. We are expecting more states to come on board soon,” he said.

e-NAM, launched in 2016, provides trading facilities for 150 agricultural commodities through competitive online bidding system at 585 wholesale regulated markets of 16 states and two union territories across the country. There are more than 16.4 million farmers and over 0.12 million traders registered on this unified online trading platform. “The volume of trade is growing fast. As on 11June, 2019, farmers have been able to trade 25.6 million MT commodities with a trade value of Rs 70,097 crore. With the launch facility of trading directly from godowns, the value as well as profit margin of farmers are set to increase,” the official said.

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