CWC signed an agreement on June 9, 2021 with NCML MktYard Private Limited (NMPL) for facilitating e-trading services to farmers /traders at Central warehouses through online portal viz. “MKTYARD.com” on PAN India basis.
As per the agreement, any seller, being a registered member of MKTYARD.COM/NMPL, whose agricultural commodities are stored in Warehouses of CWC, may sell their agricultural commodities through the portal of NMPL. This collaboration will help in providing value added services like grading, assaying, testing, trading from the warehouse itself besides scientific warehousing of agri-produce as one stop service center to buyers and sellers.
This arrangement will immensely help farmers to avail the facility of warehouse-based trading from CWC Warehouses itself which will provide real-time remunerative price discovery, reduce logistics cost on account of multiple handling / transportation and bring transparency in wholesale markets. Online trading shall help farmers, especially small & marginal farmers to fetch better prices for their produce with enhanced accessibility to the Markets and play a big role in supporting the Govt initiative of doubling the farmer’s income by 2022.