Publish Date : 02.09.20

Dubai Launches agri-commodity trading platform to connect directly with Indian farmers.

ATM News Network - DMCC – the world’s flagship Free Zone and Government of Dubai Authority on commodities trade and enterprise – has launched Agriota E-Marketplace, a technology-driven agri-commodity trading and sourcing platform that uses blockchain to help bridge the gap between millions of rural farmers in India and the UAE’s food industry. The Agriota platform provides Indian farmers the opportunity to connect directly with the entire food industry in the UAE, including food processing companies, traders and wholesalers.

The marketplace allows them to bypass intermediaries, optimising the supply chain and ensuring traceability to create value for all stakeholders. Farmers can participate directly with the large demand from the UAE’s market. This type of aggregation has the potential to empower local communities, deliver better quality farm-to-shelf products and expand the UAE’s long-term food security. Initially, the platform will offer cereals, pulses, oilseeds, fruits, vegetables, spices and condiments.

In 2019, India exported more than USD 38 billion of agricultural and processed food products, with one of its largest markets being the Middle East. In July 2020, DMCC announced its plans to replicate the successful business model behind its tea and coffee operation by building a new infrastructure and logistics centre in JAFZA to attract, facilitate and promote the trade of cacao, pepper, chillies and spices, with the flexibly to expand to other agro commodities including cardamom, nutmeg, cinnamon, cumin, cloves, ginger, sesame seeds and cashew nuts.