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The Spices Board has initiated steps to award license for conducting auction for cardamom for the block years 2014-17. The Board has invited expressions of interest from prospective entrepreneurs/auctioneers in this regard.
A Jayathilak, Chairman, Spices Board, said that this initiative would open up the marketing system of small cardamom and is expected to attract more players to the trade.
It would also result in better price realisation for growers by increased sales transactions and buyer participation, he added.
License for e-auction will be issued only for the centres established by the Board for small cardamom at Puttady in Idukki and Bodinayakkanur in Tamil Nadu. The manual auction centre for small cardamom can be established anywhere in India other than in the States wherein the Board has already established e-auction centres.
Trade promotionThe Board is committed to promoting free trade in small cardamom and is in the process of exploring all avenues for facilitating opening of alternate marketing channels for small cardamom.
Through revised auctioneer license system, the Board is hoping to strengthen and broaden the marketing channels for cardamom through increased competition and participation, he added.
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