• Karnataka agriculture markets go online, allow farmers better value for their produce

    Bangalore, 2017-07-20

    Farmers in Karnataka are smiling. For ages, they were at the mercy of traders and commission agents who dictated prices, even for premium produce. But suddenly now, the world has become their marketplace.

    Farmers are also benefiting from real-time prices. An analysis of 20 commodities, including Byadgi chilli, Bengal gram, tamarind, black gram and tur dal, shows a 15-45 per cent price increase.

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  • Karnataka agri markets see higher volumes despite drought hurting farm output

    Bengaluru, 2017-07-19

    The electronic trading platforms in the agriculture markets of Karnataka have caught the attention of chilli and paddy growers in neighbouring States such as Andhra Pradesh and Telangana, who are seen increasingly bringing their produce to the market

    “Farmers could be bringing more of their produce to the APMC markets now,” said TN Prakash Kammaradi, Chairman of the Karnataka Agricultural Prices Commission.

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  • ‘Recognise & Reward’: How UMP is helping create ‘One Nation, One Market’ for Agriculture

    Bangalore, 2017-07-17

    When it comes to agriculture market reforms to enhance farmers’ income, the success story of Karnataka’s Unified Market Platform (UMP)* stands out.

    The UMP is an initiative of Rashtriya eMarket Services Pvt. Ltd. (ReMS) – a Joint Venture Company of NeML and the Karnataka State Govt.

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  • A whopping 42 lakh farmers opt for e-trading

    Bengaluru, 2017-07-16

    In the midst of adverse climatic conditions, 42 lakh farmers in Karnataka have registered for online trading under the Unified Marketing Platform (UMP) and are getting higher prices for their commodities in agricultural produce marketing committees(APMCs)

    A farmer as usual needs to come to the market and just give details of his produce, name, village name, and mobile number at the gate. With the help of a data entry operator, the information is fed into the electronic platform.

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  • Karnataka, first state to start major agri reforms, snubs eNAM participation

    New Delhi, 2017-07-15

    Karnataka, the first state to initiate major reforms in agricultural marketing through creation of a Special Purpose Vehicle — Rashtriya eMarket Services Private (ReMS) — has declined to join the agriculture ministry-promoted national electronic platform.

    Meanwhile, of the total eNAM turnover of Rs23,250 crore, Haryana topped with Rs13, 600 crore, followed by Telangana (Rs4039 crore), Gujarat (Rs3529 crore) and Uttar Pradesh (Rs1097 crore).

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  • Demonetization is Ensuring Transparent Transactions Through Direct Payments to Farmers, After an Initial Negative Impact: Manoj Rajan of ReMS

    New Delhi, 2017-07-14

    Karnataka’s Additional Secretary Manoj Rajan is Managing Director of Rashtriya e-Market Services Pvt Ltd (ReMSL), the equal joint venture of the state government and commodity exchange NCDEX.

    MR: I see demonetization as an opportunity for market reforms, one objective of which is to ensure transparent transactions through direct payments to farmers.

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  • UMP: The Next Game Changer After GST?

    Bangalore, 2017-07-14

    With ‘One Nation, One Tax’ becoming a reality in the form of GST, India has now taken a firm step towards realising its goal of becoming ‘One Nation, One Market’ for Agricultural Commodities.

    The UMP is an initiative of Rashtriya eMarket Services Pvt. Ltd. (ReMS) – a Joint Venture Company set up in February 2014 by NeML and the Karnataka State Govt.

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  • Karnataka woos traders from other States to its online agri platform

    Bangalore, 2017-07-10

    After connecting a majority of the agriculture markets across the State, Karnataka is now reaching out to traders and large buyers from other States to join its electronic commodity trading platform.

    “We have already installed these machines in about nine markets,” Rajan said. Besides, orientation centres have been established for information dissemination to around 42 lakh farmers registered on the UMP.

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Government of Karnataka had constituted a committee under the chairmanship of the Additional Secretary to Government, Co-operation Department to explore means to improve the agricultural marketing system, identify the interventions required in the sector and suggest necessary reforms.

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