Electronic National Agriculture Market and its Future
Electronic National Agriculture Market (eNAM) – State level political will decide its fate? By: Vijay Sardana On 14 th April,2016 eNAM was formally launched. National Agriculture Market (NAM), an official version of the most controversial and now defunct National Spot market, is a pan-India electronic trading portal which networks the existing APMC mandis to create a unified national market for agricultural commodities. The NAM Portal provides a single window service for all APMC related information and services. This includes commodity arrivals & prices, buy & sell trade offers, provision to respond to trade offers, among other services. While material flow (agriculture produce) continue to happen through mandis, an online market reduces transaction costs and information asymmetry. Existing Indian agriculture marketing structure is classic case of how inefficiencies can be created in value chains to protect vested interest and to keep competition awa