Safal National Exchange of India Ltd. (SNX) provides a technology based competitive market place with wide choice to farmers in Marketing of their perishables and other allied produce in a fair and a transparent manner by using modern IT and improved Logistic.
It is a joint venture between Mother Dairy Foods Processing Limites(MDFPL)- a wholly owned subsidiary of National Dairy Development Board of India (NDDB), MCX and Financial Technologies Ltd
- It provides a platform, where seller can sell at the best possible rate, buyers can buy at the most competitive rate and SNX would provide counter party guarantee in respect of all trades
- SNX facilitates provision of services like quality certification, Warehousing and Logistics and other customized value added services
Thus SNX offers Power of Exchange technology in combination with the F & V Expertise under a single banner, for the good of producer & consumer, in an electronic spot market
- Empower farmer in price discovery; Growers will have option to conclude price for their produce for saleprior to harvest
- Minimal intermediation- better quality, lower transaction cost
- Narrower price spread: Farmer-Consumer
- Trading terminals all over the country, truly National
- Payments are guaranteed
- Quality certification protocol administered by SNX
- Initially on a handful of crops, finally all F&V items with negative list
- Improvement in post harvest practices for better shelf life and Quality of Grading, Packing & Overall delivery, match with rapidly raising expectations of quality by average urbanite
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