The Hindu Business Line : Gujarat passes Bill allowing electronic trade in farm produce

Ahmedabad March 30 The National Multi-Commodity Exchange (NMCE) has welcomed the passage of a long overdue Agricultural Produce Market (Amendment) Bill 2007 in the Gujarat Legislative Assembly on Thursday.

Reacting to the passage of the Bill, an NMCE spokesman said the Bill, seeking to amend the existing Act, should have far-reaching benefits to growers as well as the consumers with the up-gradation of technology, standardisation and improved infrastructure facilities.

One of the provisions of the Bill allows existing Agriculture Produce Marketing Committee (APMC) in the State to go for electronic marketing, thereby allowing the players real-time price discovery of a commodity throughout the world, including dissemination of information about gradation and availability of stocks.

Direct Access

It would also help interlinking various mandis in Gujarat, so far as dissemination of prices is concerned. If implemented in the true spirit of the objectives of the Bill, this would also help the growers' direct access to the market, processors, supply chain companies and exporters, NMCE said in a release.

This should also hasten the agro-processing industry, empowering the growers to go for value-addition, it added.

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