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29-Mar2019

Govt unveils blockchain-based coffee e-marketplace to help farmers get fair prices

With an aim to help farmers to integrate with markets, the commerce ministry has launched a blockchain-based coffee e-marketplace. With this, farmers can realise fair prices for the commodity. The blockchain will also reduce the number of layers between coffee growers and buyers and help farmers double their income.

Commerce Secretary Anup Wadhawan has said that this pilot project will help integrate the farmers with markets in a transparent manner and lead to realisation of fair price for the coffee producer. He said that India is the only country in the world where entire coffee is grown under shade, handpicked and sun dried. He added that Indian coffee is highly valued in the world market and sold as premium coffees. The share of farmers in the final returns from coffee is very meagre.

Wadhawan further said that the blockchain-based marketplace app is intended to bring in transparency in coffee trade and maintain the traceability of Indian coffee from bean to cup so as the consumer tastes real Indian coffee and the grower is paid fairly for his produce.


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