The Hindu Business Line : E-trading in Ooty vegetables takes off

Coimbatore, June 1 Nilgiris Horti-Tech Company Pvt Ltd (NIHTCO), a corporate member of SAFAL National Exchange of India , commenced e-trading of Ooty vegetables on Saturday.

According to Mr H.N. Sivan, Director and Chief Executive Officer of NIHTCO, 3 tonnes of carrot was traded during the inaugural day of the vegetable show. “The seller, Mr Manoj, a small farmer in our vegetable consortium got a price of Rs 12/kg. The net offering was Re 1 higher than the rate quoted at the Mettupalayam vegetable mundy,” he said.

The e-trading of vegetables would be held on a daily basis from next week. “This was just a trial run,” Mr Sivan said.

NIHTCO members would be introducing potato, in about two weeks, after the harvest, he said and added that other vegetables such as cabbage and other exotic fruits and vegetables would be traded online within the next couple of weeks.

NIHTCO bagged the ‘Show of the Day’ award for its display of flowers and vegetables at the show.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Power Exchange gets in-principle nod from CERC

Skies clear up over Kerala, next ‘pulse’ awaited

Tokens for ‘vegetables in van’

Campaign to focus on diseases of rubber trees

Coonoor tea prices rise on demand

Gold to test resistance and fall

Cotton to test support levels

Out of reach

Kerala taps labour from North

E-trading in Ooty vegetables takes off

Negative signals for gold in the short term

Coffee output next crop year may be hit by weather woes