Agri trade on e-NAM platform up by 32% in FY23

New Delhi, Apr 25 (KNN) The trade turnover on the electronic National Agriculture Market (e-NAM) platform rose by 32 per cent to Rs 74,656 crore in 2022-23 compared to the previous fiscal, according to a report in the FE.

With more farmers, traders and farmers producers organisations (FPOS) starting to use the e-NAM, the turnover on the platform is expected to cross Rs 1 trillion in the current fiscal.

In FY22, the turnover on the e-platform was Rs 56,497 crore while in the previous fiscal, sales worth of Rs 31,366 crore were reported. The annual trade in farm goods, excluding milk and marine products, is seen to be in excess of Rs 5 trillion.

In FY23, 18.6 million tonne of agricultural and allied sector commodities were traded on e-NAM platform, which was 41 per cent more than 13.2 MT traded in the previous fiscal.

The increase in e-NAM trade volume indicates that this platform, aimed at improving market access of farmers and creating a unified national market for agricultural produce, has reached a scale to make a meaningful difference in farmers’ income.

Last fiscal saw commencement of inter-state trade using e-NAM platform on commodities with farmers from Uttar Pradesh, Kashmir, Maharashtra and Rajasthan selling commodities such as potato, apples, mustard, ragi, silk cocoon, chana, soyabean and jeera, to buyers in Kerala, Odisha, Jharkhand, Madhya Pradesh and Tamil Nadu, sources told FE.

The e-NAM platform allows online trading in 203 agricultural, horticultural and other commodities notified by respective state governments.

At present, 1,361 mandis in 27 states and Union Territories are integrated with the e-NAM platform, which was launched in April 2016.  (KNN Bureau)