MSTC focuses on auctioning North-East's agro, forest produces

Image
IANS Kolkata
Last Updated : Dec 27 2018 | 1:10 AM IST

State-run e-commerce company MSTC Ltd is focusing on auctioning of forest and agricultural produces from the north-eastern states in order to provide better prices to farmers and exploring various options to overcome logistics issues, an official said on Wednesday.

The company started auctioning of Nagaland's ginger, Tripura's pineapples and hill-grass from the region, and experienced encouraging trends but logistics issues have emerged as a major hurdle.

The company is scouting for partners to overcome logistics issues emerging in transporting the agricultural produces from the region, the official said.

"We have been focusing on north-eastern states for providing markets of forest and agro produce of the region. We are not only hosting e-auctions of farmers' produce but also concentrating on managing demand," company's Chairman and Managing Director B.B. Singh told IANS.

With its presence across India, the state-run trading major is having "access to buyers" and has been marketing different produces of North-East, he said, adding that the company would be exploring how to hand-hold farmers and impart them training so that they get familiar with e-auctions.

"We had conducted first ever e-auction of ginger of Nagaland last year and buyers had purchased 300 metric tonnes of ginger. Unfortunately, ginger could not be transported to Jorhat from Nagaland due to onset of monsoon and it was suspended.

"This year, we conducted e-auction of the crop and buyers purchased 1,000 tonnes of ginger. Again, about 100 metric tonnes were delivered and the entire volume could not be transported due to logistic issues," Singh said.

He also said there was an urgent need of packaging houses there, for ginger as the crop needs to be washed properly to remove the layer of bacteria and also to ensure that it does not get rotten in transit.

The company visited the Gulf countries including the United Arab Emirates, Bahrain and some others to explore markets for the North-East produces as there is demand for naturally grown produces.

In the region, the farmers' plight has been to get access of the markets, he said, adding that north-eastern states are bestowed with favourable climatic conditions for growing of various agricultural and forest produces.

Each state in the region has 25-30 niche products and the Central government-owned company is looking to hosting e-auctions of turmeric, oranges, kiwis, large cardamom, orchid and other produces.

"In order to overcome logistic issues, we are in touch with start-up company Rivigo to provide logistics support. Apart from this, we have our partner, Central Railside Warehouse Company Ltd, to provide warehousing facility as well as logistics," he added.

--IANS

bdc/mgr/nir

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Dec 27 2018 | 1:02 AM IST

Next Story