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Nafed launches Nafex.in digital auction platform; NCCF to follow with farmer-direct procurement push
Our read
Stand up integrations with Nafex.in auction APIs and Drishti ERP now to lock in priority access to pulses/oilseeds flow before the farmer-direct channel scales to ₹50,000 crore.
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The report,
Amit Shah launched Nafed's Nafex.in digital auction platform for pulses and oilseeds, plus Drishti ERP and Kalyan Fund. NCCF to follow with similar platform. Both cooperatives directed to procure directly from farmers within two years.
Channel facts
From the report. Source details below
- ₹30,000 crore FY25 turnover
- 15-16 mt edible oil imports
Other figures
- ₹500 crore net profit
- 76 lakh farmers
- ₹50,000 crore target
- 6-7 mt pulses imports
What it means for online and offline
Scope partnership or white-label deals with Nafed/NCCF on the digital auction stack, and reassess targets in agri-fintech and FPO aggregation that could ride the 76 lakh farmer onboarding wave.
The source
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