1. Karnataka farmers getting better prices; here’s what is powering that trend

Karnataka farmers getting better prices; here’s what is powering that trend

The Unified Market Platform in Karnataka has benefited farmers in the state, who have seen average realisation increase by 38% in 2015-16 over 2013-14.

By: | Pune | Published: June 9, 2017 3:12 AM
farmers, farmers news, farmers latest news, karnataka farmers, farmers in karnataka, farmers income, Unified Market Platform, ump, karnataka, karnataka news, enam, wpi The eNAM and other market reforms, which focus on the crop sector, show a 9.1% increase in farmers’ income. (PTI)

The Unified Market Platform (UMP) in Karnataka has benefited farmers in the state, who have seen average realisation increase by 38% in 2015-16 over 2013-14. Copra, black gram, tur, and Bengal gram were the commodities which gave among the highest realisation. The Niti Ayog report on ‘Doubling Farmer Incomes’ hails the benefits of the UMP in Karnataka, which is an initiative of Rashtriya e-Market Services (ReMS) – a joint venture between NCDEX e-Markets Limited and the government of Karnataka, a statement issued by NCDEX said. The report compares the prices received by farmers between 2013-14 and 2015-16 (the first year after creation of UMP in Karnataka). The data confirms that the UMP modal prices in mandis in Karnataka witnessed much higher increase than the increase in wholesale prices of the same commodity in the country. The average increase was 38% in nominal terms and 13% in real terms, after being deflated by WPI of the concerned commodity. The eNAM and other market reforms, which focus on the crop sector, show a 9.1% increase in farmers’ income.

While all provisions of UMP are not yet fully operational, complete implementation is expected to have a much larger impact on farmers’ income, the statement said. “It is heartening to see the government lauding our efforts in developing the primary markets. We remain committed to use technology and markets to bring about a positive change in the lives of farmers by reforming the physical markets in the country and helping central and state governments in the nation’s food security and welfare priorities,” said Rajesh Sinha, MD & CEO, NeML.

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Currently 157 mandis in Karnataka use e-trading, e-permits, e-payments, and scientific grading and assaying services.

In Andhra Pradesh, the company in association with the state government and ReMS has brought the largest 10 APMC markets in the state including Guntur to online trading. It would now be handing over the same to the state government. NeML has helped bring transparency in price discovery, efficiency in operations, cost savings and increase in realisation for its users.

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