Hyderabad: Origo, an agriculture finch, launched a digital auction platform for farmers for better prices, direct connect and digital payments. It offers options such as price discovery, price risk, trade settlement, forward and reverse auction.
The platform will allow all participants to register digitally through their mobile phones and receive notifications on upcoming auctions. It will be useful for both private and government entities. Government entities can use the platform for sale of additional stock in the open market with ease and also use it for MSP procurement from farmers, according to a release.
Sunoor Kaul, Co-Founder of Origo Commodities, said “After successes in the structured trade and supply chain, our efforts are now focused on streamlining through digital platforms that can address all concerns related to the commodities ecosystem.”
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