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Posted on Jan 17, 09:29PM | UNI
The National Commodity and Derivatives Exchange (NCDEX) is all set to launch a web-based e-tendering system for Srinivasapura mango market located at kolar in Karnataka, likely by April this year.
The mango market at Srinivasapura was one of the biggest markets for the fruit across the country, NCDEX Execuctive Vice-President (South) Ramesh Chand told reporters here today.
This is the first time that the exchange has taken up a commodity that is highly perishable, he claimed and said the exchange is also mulling to launch similar initiatives for Pomegranate at Bijapur.
E-mandi, will also be available on mobile phones and is aimed at bringing mango pulp makers and farmers at one platform , Chand said.
Our model is ready and we need to train farmers how to participate, how to bring lots because the plucking will not be done on a single day, he said.
We are planning to organise hourly-base tenders for 12 varieties of mangoes. 62 per cent of mango produce is Totapuri variety which normally goes for pulping and used in Mazza and Fruity, he said.
E-mandi will eliminate the high commission regime as an independent assaying agency will do the grading, based on which pricing is dependent, Chand added.