Cardamom trade goes hi-tech, launches cloud based e-auction
Team Udayavani, Nov 2, 2021, 12:46 PM IST
Kochi: The Spices Board took a hi-tech turn on Monday when it started a cloud-based live e-auction in Idukki.
Inaugurating it, Congress MP Dean Kuriakose said that the cardamom trade and exports play a significant role in the economy of the state and the cloud-based live e-auction will empower the supply chain ensuring hassle free trade transactions benefitting the traders and farmers alike.
The live e-auction took place at the centre in Puttady, near Idukki.
The Spices Board digitally integrated two of its e-auction centres at Bodinayakanur, Tamil Nadu and Puttady, Idukki and is expanding the market opportunity for cardamom growers and traders equally.
The new facility will double the number of participants in the e-auction and the farmers will get to pitch their produce to a wider marketplace.
Earlier both farmers, traders, and auctioneers had to travel between the auction facilities in Tamil Nadu and Kerala to take part in the auctions at the respective auction centres.
D. Sathiyan, secretary of, Spices Board, said that by introducing this technologically advanced platform they aim to expand the opportunity for farmers and traders in terms of market and competition ensuring better price realization for cardamom.
“By the introduction of the new platform, there is scope to conduct the e-auction in multi centres, if the stakeholders desire,” said Sathiyan.
A.G. Thankappan, chairman of Spices Board said: “90 percent of the cardamom produce is sold in the domestic market and cloud-based e-auction will bring in a lot of competitiveness.”
(With inputs from IANS)
Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.
Top News
Related Articles More
RBI announces MPC schedule for FY25, first rates decision on April 5
Seven out of ten Indian shoppers say they would happily receive product deliveries without additional packaging
Renault Nissan to launch four new products, expand product portfolio
Sensex, Nifty rebound on heavy buying in Reliance Industries, HDFC Bank
IndiGo to fly more international routes, destinations; aims doubling size by 2030: CEO Pieter Elbers
MUST WATCH
Latest Additions
Special court convicts 7 people in BSP MLA Raju Pal murder case
LS polls: More than 79,000 violations reported so far through C-Vigil app, says EC
EAM Jaishankar meets Ukranian counterpart Kuleba
CBI clean cheat over Air India-Indian Airlines merger: BJP must apologise to ex-PM Singh, says Raut
Ahead of Lok Sabha polls, I-T department slaps Congress with Rs 1700 cr, demand notice: Report