 "Spices Board invites EoI for cardamom auction")
The Spices Board has invited Expressions of Interest (EoI) from prospective entrepreneurs / auctioneers for awarding cardamom auction licence for a period of three years from 2014. This initiative will open up the marketing system of small cardamom and is expected to attract more players to the small cardamom trade and may result in better price realisations, a press release said.
Licence for e-auction will be issued only for the e-auction centres established by the board for small cardamom at Puttady in Kerala and Bodinayakanur in Tamil Nadu. Manual auction centre for small cardamom can be established anywhere in India other than in the states wherein the board has already established e-auction centres.
"Spices Board is committed to promoting free trade in small cardamom and is in the process of exploring all avenues for facilitating opening of alternate marketing channels for small cardamom," the release added.
"Through revised Auctioneer license system we are hoping to strengthen and broaden the Marketing channels for Cardamom through increased competition and participation," said A Jayathilak, Chairman, Spices Board.
Earlier, in 2007 the Spices Board revolutionised the E-auction system for small cardamom by introducing electronic auction. Board established E-auction centers at Bodinaykanur in August 2007 and at Puttadi in December 2007.
Licence for e-auction will be issued only for the e-auction centres established by the board for small cardamom at Puttady in Kerala and Bodinayakanur in Tamil Nadu. Manual auction centre for small cardamom can be established anywhere in India other than in the states wherein the board has already established e-auction centres.
"Spices Board is committed to promoting free trade in small cardamom and is in the process of exploring all avenues for facilitating opening of alternate marketing channels for small cardamom," the release added.
More From This Section
It said, "For the Indian small cardamom industry to remain competitive in the global markets free trade of this commodity must be promoted and alternate channels for the domestic marketing of small cardamom should be devised along with removal of the rules which restrict the domestic marketing and sale of small cardamom."
"Through revised Auctioneer license system we are hoping to strengthen and broaden the Marketing channels for Cardamom through increased competition and participation," said A Jayathilak, Chairman, Spices Board.
Earlier, in 2007 the Spices Board revolutionised the E-auction system for small cardamom by introducing electronic auction. Board established E-auction centers at Bodinaykanur in August 2007 and at Puttadi in December 2007.