Haryana is on the threshold of a new revolution in marketing of agricultural produce with the HAFED venturing into the relatively new field of forward marketing of commodities, Haryana Chief Secretary Urvashi Gulati said on Thursday.

Inaugurating the two-day training programme on “Commodities Future Markets'' at Panchkula near here, she said that the HAFED had signed an agreement with Kotak Mahindra Group for participation in their upcoming National Multi Commodity Exchange in Ahmedabad.

The HAFED would have 15 per cent share for running this Future Exchange, which would immensely benefit the farming community, she added.

The training programme is being organised by Forward Market Commission. A team of experts of the National Commodity and Derivative Exchange (NCDEX) is imparting training to the officials of HAFED, Haryana Warehousing and Haryana State Agricultural Marketing Development Board for becoming strategic partners in the upcoming commodity exchange.Wile emphasizing the need to participate in the new developments, she said that the farmers' interests should be intensively protected.

Even though the State Government had helped the farmers in a big way by providing them various kinds of loans and subsidies, the role of commission agents could not be negated and they should also be placed in the new system.

“Volatility of climate still regulates our lives and also the price of commodities. All these concerns should be taken care of and the focus should be that the farmers should get remunerative prices of their produce'', she added.

Keywords: agriculture