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Farmers' Collectives Hit Record ₹444 Cr Sales on NCDEX
15 Dec
Summary
- FPOs achieved record sales over ₹444 crore on NCDEX in FY26 (Apr-Nov).
- Hedging tools like put options enabled better price realization for members.
- 39 farmer collectives exceeded ₹1 crore in sales during FY26.
Farmer Producer Organizations (FPOs) are increasingly leveraging the NCDEX platform, achieving record sales exceeding ₹444 crore between April and November of FY26. These collectives are using hedging tools like put options to secure better prices for their commodities, including cotton, cumin, and turmeric, leading to enhanced earnings for their members. This strategic participation marks a significant uptake since their initial engagement with the commodity platform in FY25.
FPOs are actively participating in futures and options trading on NCDEX, supported by initiatives like NABARD providing premium assistance for put options on spices. This allows them to lock in prices even before sowing. Major FPOs, such as Naadbramha Agro Farmer Producer Company in Maharashtra, have reported substantial sales, with ambitious targets for the current fiscal year, underscoring the platform's growing importance.
NCDEX is actively expanding market access for FPOs, enabling hedging in 23 commodities across 16 states. This initiative supports over 1.13 million farmers through 624 collectives. Additionally, FPOs are exploring other digital platforms like ONDC, GeM, Amazon, and Flipkart, and engaging in procurement under Minimum Support Price (MSP), further broadening their market reach and impact.
