The nation’s main inventory trade BSE launched an digital spot platform for agricultural commodities on Friday, December 11, ‘BSE E- Agricultural Markets Restricted’ or BEAM, via its subsidiary BSE Investments Restricted. BSE witnessed buying and selling of two tons of Imported Almond in shell price worth of greater than Rs 6 lakh on the launch day of digital spot platform for agricultural commodities – ‘BSE E-Agricultural Markets Ltd. (BEAM)’. This platform commenced beta operations right this moment and facilitates spot agricultural commodities transactions throughout worth chain consisting of producers, intermediaries, ancillary companies and shoppers.
In response to an announcement by the BSE, the brand new platform BEAM will operate as a nationwide stage, institutionalized, digital, clear commodity spot buying and selling platform consistent with the Prime Minister’s imaginative and prescient to create a “single market”. The platform facilitates spot agricultural commodities transactions throughout worth chain consisting of producers, intermediaries, ancillary companies and shoppers. The platform will begin beta operations efficient from December 11, 2020.
BEAM has leveraged on state-of-the-art know-how to supply custom-made options to farmers, merchants, and stakeholders to facilitate risk-free and hassle- free buy and sale of assorted agri commodities. This platform will guarantee lowered price of intermediation, improved procurement effectivity, enhanced producers’ realization and extra aggressive shopper costs. The platform may even assist get rid of bottlenecks related to procurement and buying and selling.
Shri Ashishkumar Chauhan, MD & CEO of BSE, stated, “BSE plans to leverage its nation-wide distribution community and state-of-the-art know-how to supply a world class framework for agriculture commodities to the good thing about the farmers and the Indian financial system. Entry to regulated and clear market, direct entry to a number of patrons, receipt of money instantly into the account of beneficiary and discount in intermediate prices are a few of the main advantages of our platform.”
Shri Rajesh Sinha, CEO of BEAM, stated ” The nation wants a devoted e-market platform for agricultural spot markets, that don’t have any battle of curiosity to additional the reason for producers. BEAM is the one firm within the nation fulfilling this requirement. The corporate is poised to play a pivotal position in making a extremely environment friendly spot marketplace for Agricultural Produce within the nation. We might work intently with the worth chain individuals to realize the aim.”
With the assistance of BEAM, farmers in a single state would be capable of attain out to markets in different states and public sale their produce. This won’t solely assist farmers and farmer collectives uncover finest costs for his or her produce based mostly on the standard, but additionally presents to construct capability to assist intermediaries, processors and exporters procure from states.
Buying and selling on BSE’s E-Agricultural Markets Ltd (BEAM) off to a rousing begin
Clocks 2 Tons of Imported Almond in shell, worth of greater than Rs 6 lakh on the launch day
BSE witnessed buying and selling of two tons of Imported Almond in shell price worth of greater than Rs 6 lakh on the launch day of digital spot platform for agricultural commodities – ‘BSE E-Agricultural Markets Ltd. (BEAM)’. This platform commenced beta operations right this moment and facilitates spot agricultural commodities transactions throughout worth chain consisting of producers, intermediaries, ancillary companies and shoppers.
Shri Rajesh Sinha, CEO of BEAM, stated “I’m completely satisfied to make a small starting with buying and selling of Almonds on BSE E Agricultural Markets (BEAM). We thank the members of BEAM with out whose help this might not have been attainable. This commerce would go a good distance in creating an e-trading platform for the agricultural spot markets within the nation.”
BEAM has leveraged on state-of-the-art know-how to supply custom-made options to farmers, merchants, and stakeholders to facilitate risk-free and hassle- free buy and sale of assorted agri commodities.