Cloud based live e-auction doubles the cardamom growers’ hope on Kerala formation day

“Cardamom trade and export play a significant role in the economy of the state and the cloud based live e-auction will empower the supply chain ensuring hassle-free trade transactions benefitting the traders and farmers alike” said Adv. Dean Kuriakose, the Member of Parliament from Idukki while inaugurating the Spices Board’s cloud based live e-auction facility for Small Cardamom at the e-auction center in Puttady today.

By launching a cloud based e-auction facility, Spices Board has digitally integrated two of its e-auction centers at Bodinayakanur, Tamil Nadu and Puttady, Idukki expanding the market opportunity for cardamom growers and traders equally. The new facility will double the number of participants in the e-auction and the farmers will get to pitch their produce to a wider market place. Earlier both farmers, traders and auctioneers had to travel between the auction facilities in Tamil Nadu and Kerala to take part in the auctions happening at the respective auction centers.

Shri D. Sathiyan IFS, Secretary, Spices Board, in his keynote address said “by introducing this technologically advanced platform Spices Board aims to expand the opportunity for farmers and traders in terms of market & competition ensuring better price realization for cardamom”. “By the introduction of the new platform, there is scope to conduct the e-auction in multi centers, if the stakeholder’s desires so” he added. 

While delivering the presidential address, Chairman Spices Board A. G. Thankappan said “Ninety per cent of the cardamom produce sold in the domestic market and cloud based e-auction will bring in a lot of competitiveness resulting in the quality of cardamom”. He also said that “the Board is taking several steps to improve quality production aiming at increased exports including development of cardamom nursery to ensure farmers have access to quality planting materials”.

Spices Board Vice Chairman Staney Joseph Pothen, and shri T. T. Jose, Member Spices Board also spoke at the event.  Shri B N Jha, Director (Marketing) Spices Board welcomed the gathering and Dr. A. B. Rama Shree, Director (Research & Finance) proposed the vote of thanks

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