It will free farmers & cotton bags manufacturers from the menace of middlemen
Under the e-National Agricultural Market (e-NAM), an online trading platform, electronic trading of cotton i.e. online cotton trading began at the Khammam Agricultural Market Yard on 1st March, 2017.
The KAMC launched the e-NAM facilitating electronic trading in cotton, after facing initial hiccups owing to resistance from a certain section of traders or rather middlemen.
The response was overwhelming. Literally thousands of farmers traded thousands of cotton bags through e-NAM platform on the very first day.
Of course, tight security arrangements were made at the market yard. This was done in order to ensure smooth conduct of the e-trading.
The e-NAM facility was actually started for trading of green gram, red gram and maize in the market yard recently.
|This online initiative is intended to free farmers from the menace of middlemen. It will simply enable them to secure fair prices for their agriculture produce in a transparent manner. The end buyer like Sara International, one of the top cotton bags manufacturers, are also likely to gain in this transparent hasle free process.|
Initially there was some opposition in some quarters. This was primarily due to lack of knowledge, awareness & misconceptions about the new technology i.e. the electronics system
The officials, who arranged it, held a series of meetings with the traders, farmers, as well as, hamalis under the supervision of Joint Collector Vinay Krishna Reddy to sensitise them & spread awareness on the benefits of the e-NAM in a couple of weeks before this event was started.
These officials have drawn up plans to introduce the electronic trading system under e-NAM for various other products. These includes like red chillies as well.