Nafed’s e-auction portal for selling agri-commodities to be launched today

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

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 from farmers under the price support scheme (PSS) and price stabilisation fund (PSF).