NCDEX Spot Exchange (NSPOT) has proposed the government of Odisha to provide online trading facility of agricultural commodities in select mandis of the state. The proposal includes identifying key mandis for maize (corn), turmeric, ginger, cotton, groundnut and sunflower trading. The proposal also includes educating both farmers and traders to use online trading platform for transactions. NSPOT has plans to partner with the state government to provide the required facilities.
NSPOT has identified Umerkote market for starting the pilot trading facility in maize. Umerkote is the main maize producing region of Odisha. The spot exchange provides the farmers across the country the option to sell their produce to a trader based at any place using its facility. However, in the mandi modernization plan of NSPOT, the farmers of a particular state can only sell to local traders using the online trading platform customized for the state.
NSPOT, a leading exchange for daily electronic trading of agricultural commodities, is already doing pilot mandi projects in states like Andhra Pradesh, Telangana and Tamil Nadu.