National Agriculture Market Current Affairs - 2020
Union Government is going to link additional 200 wholesale mandis to online trading platform eNAM (electronic National Agriculture Market) this fiscal (2018-19) and also encourage inter-mandi transactions. At present, 585 regulated mandis in 14 states are linked with the eNAM. So far, 73.50 lakh farmers, 53,163 commission agents and over 1 lakh traders are registered on it from these 14 states. Government is ensuring that all wholesale agri-mandis adopt online auction and gradually allow trading between mandis in state and eventually between mandis outside states, thereby setting up single national agriculture market for benefit of farmers.
eNAM is pan-India electronic trading portal for farm produce which aims creates unified national market for agricultural commodities by integrating existing Agriculture Produce Market Committee (APMC) markets. It provides single window service for all APMC related services and information, such as commodity arrivals and prices, provision for responding to trade offers, buy and sell trade offers, among other services. It was launched in April 2016. It is being implemented in different phases to integrate 585 regulated markets across country with common e-market platform by March 2018. Small Farmers’ Agribusiness Consortium (SFAC) is the lead promoter of eNAM. On this platform, farmers can showcase their produce online from their nearest market and traders can quote price from anywhere. It aims to foster greater competition among traders and also ensure open price discovery and better returns to farmers.