Inter-state Agri trading via eNAM in 8 Indian states so far: Government of India

Eight states including Uttar Pradesh are offering inter-state trading via 21 electronic national agricultural market (eNAM) so far in the country, the Agriculture Department said. Under the eNAM, launched in 2016, agri-trading was initially allowed within a mandi and later inter-mandi within a state was permitted. So far, 10 states are offering inter-mandi trade within […]

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Indian government to link 200 more mandis to eNAM this fiscal FY2019

The government of India has announced its plans to link additional 200 wholesale mandis to the online trading platform eNAM this fiscal. “This will also encourage inter-mandi transactions,” an official of Agriculture Ministry said. At present, 585 regulated mandis in 14 states are linked with the electronic National Agriculture Market (eNAM) launched in April 2016. […]

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India Budget – Plans to integrate spot and derivatives markets for commodities trading

India is keen to further reform its commodities market by integrating the spot and derivatives trading, Finance Minister Arun Jaitley said in his budget speech in parliament. “The commodities markets require further reforms for the benefits of farmers. An expert committee will be constituted to study and promote creation of an operational and legal framework […]

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