Agri-cooperative major national agricultural cooperative marketing federation (Nafed), the government’s biggest procurement agency for oilseeds and pulses , will soon launch its e-auction portal for selling agricultural commodities in the market.

The portal ‘Nafex.in‘ will also consider allowing state level federation of cooperatives and agencies to conduct their e-auction on the platform to be launched soon by Nafed.

“We want to have our own portal for e-auction which other agencies can participate in,” Deepak Agarwal, MD, Nafed, told FE.

The portal is currently being tested and will commence operations shortly.

Currently Nafed uses private platforms such as mjunction, NCDEX e Markets – NeML and E-Teach for selling about 5.3 million tonne (MT) of pulses and oilseeds annually fro

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