An e-auction is a transaction between sellers and bidders (prospective buyers) that takes place on an electronic marketplace. CCRL in association with various platforms has setup an electronic marketplace for the E-auction facilities of Commodities across India. CCRL’s aim is to provide better price discovery through transparent E-auction process.
1) BEAM
BSE E-Agricultural Markets Ltd. (BEAM) is an electronic spot platform for agricultural commodities. It is a pan-India e-trading and auction platform.
2) eNAM
National Agriculture Market (eNAM) is an electronic trading portal that connects mandis all over India to create a unified national market for agricultural commodities. eNAM portal extends a single window service for all APMC related information and services. This includes buy & sell trade offers, provision to respond to trade offers, and commodity arrivals & prices.