NCDFI eMarket is an online market to connect buyers and sellers of dairy commodities for delivery based transactions.
National Cooperative Dairy Federation of India Ltd (NCDFI) is an apex body of dairy cooperatives of India with an objective to promote, coordinate, develop and facilitate the working of dairy industry.
NCDFI eMarket is developed with features such as safe marketplace, reduce time cycle for trade, transparent automated system, auditability, strong technical support, auto bid facility and reduction in transaction cost.
NCDFI with the technical support of NCDEX eMarkets Ltd (NeML), which is a wholly owned subsidiary of NCDEX, having major patronage of Government Institutions, developed NCDFI eMarket.
For details please visit http://info.ncdfiemarket.com/products.html
Delivery timeframes of milk products will be provided by seller for each offered product.
Only registered members are allowed to buy and sell on NCDFI eMarket.
For getting registered with the NCDFI eMarket either dial +912692-262453/262653 or write to firstname.lastname@example.org
NCDFI eMarket rules are set of principles governing conduct and procedures for trading on NCDFI eMarket. For these rules, please visit http://info.ncdfiemarket.com/process.html
NCDFI eMarket Contract Notes contain details of auction parameters, delivery procedures, etc. for each product.
Security deposit include EMD and advance transaction fees. Product wise security deposit for milk products is mentioned below:
a. SMP : Rs.4,000 per MT
b. Ghee : Rs.6,000 per MT
c. Butter : Rs.4,000 per MT
a. Unsuccessful Bidders & Sellers
Security deposit of the unsuccessful Bidder(s) and Seller(s), including those whose bid(s) are not accepted due to non-fulfillment/not meeting the conditions attached to the bid(s), shall be returned by NCDFI on real time basis using ICICI payment gateway.
b. Winning Bidders
The winning bidder's security deposit will be blocked until the seller confirms the buyer's settlement of fund obligation. The security deposit blocked of the winning bidder will be released after deducting the transaction fees on seller confirmation of buyer payment.
c. Successful Sellers
The blocked seller security deposit will be released after deducting transaction fees when the buyer confirms the delivery of commodity to the buyer through NCDFI e Market.
For details please visit fee schedule
"First bidding round is pre-configured as 30 minutes and subsequent rounds would be for 15 minutes and time period between rounds is 5 minutes. This is applicable for all auctions."
Base Price is ex-factory price of product. This is the minimum ex-factory price at which seller is willing to sell. This is the starting price at round 1 of auction. All the prices mentioned on the portal are on ex-godown/factory basis and exclusive of applicable taxes, transportation, etc.
Product wise price tick is given below :
SMP : Re.1.00/- per kg
Ghee : Re.1.50/- per kg
Butter : Re.1.00/- per kg
To sell products on NCDFI eMarket, sellers need to have the approval of NCDFI. Initially only NCDFI members and their subsidiaries can become sellers on NCDFI eMarket.
No. Details of unsuccessful bidders are not shared by NCDFI eMarket.
Brief bidder activities are mentioned below :
a. Registration with NCDFI
b. Upload product specification subject to minimum parameters set by NCDFI
c. Product specification should comply with BIS and FSSAI
d. Upload supply agreement containing detailsof location, taxes, delivery period, etc
e. Enter minimum and maximum offered quantity 5 days prior to trade event date after payment of required EMD
f. Enter base price 1 day prior to event
g. Invoice to winning bidder
h. Delivery of goods
Brief bidder activities are mentioned below :
a. View product specification of the offered product
b. Verify the additional charges such as freight charges, insurance, taxes, etc
c. Select lot size
d. Bidder have to join from round 1 after payment of required EMD
e. When price increase in next round bidder can only maintain or reduce his bid volume
f. Enter the bid quantity for each round or auto bid
g. Bidder can modify their bids any number of times during round. Only latest bid would be considered
h. Test the quality, make payment and take delivery of goods within specified time
A schedule of all the upcoming auctions and events will be posted on the NCDFI eMarket 5 days in advance.
For details please visit http://info.ncdfiemarket.com
For SMP, Butter & Ghee 1MT is the minimum quantity. However, each seller will have an option to fix the minimum quantity per buyer.
Bidder can buy from any seller provided he is in whitelist of seller.
The buyer will bear the transportation costs unless otherwise specified.
No, NCDFI will not reveal the identity of unsuccessful bidders who have participated in the auction.
Any dispute or difference in respect of any matter relating to or arising out of the Contract would be first brought to the Market Oversight Committee of NCDFI eMarket. If the parties do not agree to the resolution proposed by Market Oversight Committee, the parties are free to appeal to the National Dairy Development Board (NDDB). The decision of the NDDB shall be final and binding on all parties.
NCDEX e-Markets Limited
Phone : 022-66473153
Timing : 10:00am to 6:00pm
Continuous Market is a feature to facilitate Commodity transactions on any working day other than auction day.
Yes. Transactions are allowed on any working day (Monday to Friday between 1100 to 1700 hours).
Please refer Paragraph 7 of NCDFI eMarket Rules. (Click here for NCDFI eMarket Rules)