National Dairy Development Board (NDDB) conducted a national seminar of Dairy Cooperatives during November 17-18, 2014 in Anand wherein representatives from various dairy cooperatives participated. During the deliberations, it was mentioned that dairy commodity transactions are being traded through tender purchase and due to longer time cycle in the existing system, participating dairies are exposed to the price volatility. Further, prices are localised and the dairies need to incur advertisement costs, travelling etc.
Considering the above, the participants suggested that an alternative can be an internet based national platform for marketing of dairy commodities. Participants suggested that the NCDFI should consider working as a National Platform for this purpose. This would ensure transparent, fair and economic dealings for all member cooperatives. It would be also a good platform to discover the best price at a given time for both buyer and seller.
Accordingly, with continued guidance from the NDDB, NCDFI initiated e-portal ‘NCDFI eMarket’ for the trading of dairy commodities. Subsequently, the services are extended to agri commodities, minerals, chemicals, packing materials & Transport. Technical support for the e-portal is being provided by NCDEX eMarkets Ltd (NeML), a 100% subsidiary of NCDEX.
National Cooperative Dairy Federation of India (NCDFI) is a Trust registered under Multi State Cooperative Societies Act, 2002. It was registered on December 07, 1970.
NCDFI is an apex body of cooperative dairies.NCDFI members include federal dairy cooperatives of states and union territories. NCDFI has 19 Regular Members, 11 Associate Members and National Dairy Development Board (NDDB) as its Institutional Member.
NCDEX e-Markets Limited (formerly known as NCDEX Spot Exchange Ltd) is the leading National Spot Exchange in India. It works with domain experts and offers trading platforms for trading in a host of commodities, both agricultural and non-agricultural to various market participants, primary producers including farmers, traders, processors etc. These trading platforms combine technological efficiency and market friendly trading features in a transparent atmosphere to make trading a rich and rewarding experience. NeML is a wholly owned subsidiary of NCDEX, India’s largest Agricultural commodity exchange with more than 90% market share.