The National Commodity and Derivatives Exchange (NCDEX) partners with Arya – India’s largest post-harvest agritech player to deliver a series of knowledge sessions for farmers and FPOs in Maharashtra.
Profitable market linkages are a critical aspect for better realisation by producers. Through its knowledge services platform, Arya and NCDEX are training 150 farmers from five FPOs of 50 villages in Maharashtra for marketing of their produce through commodity exchange. Based on feedback and progress is expected to be expanded to further states and FPOs on mutual agreement.
Commenting on the session, D. Chattanathan, Co-founder, Arya said, “Arya has been trying to improve the income stream of famers by enabling access to finance, storage and market linkages nearer to the farm gate. Tech-enabled practices will only help the farmers improve output quality, increase productivity and ensure better returns for their commodity. These capability building and skilling programs prepare small holders and their organisations to embrace technology and innovative solutions which inturn will enable them to improve their incomes.”
Piyush Jain, Manager – FPO team, NCDEX said, “Through its exchange facilitated market linkage offering, NCDEX endeavors to impart greater transparency, efficiency and better price for farmers produce. We hope our collaboration with Arya in training farmers on commodity exchange offerings will increase smallholder participation in exchange transactions.”