Key Facts about BSE’s E-Agricultural Markets Ltd (BEAM)

The Bombay Stock Exchange (BSE) has launched an electronic spot platform for agricultural commodities on December 11, 2020. It has been named as ‘BSE E- Agricultural Markets Limited’ or BEAM.

Key Facts

• The platform has been launched through the subsidiary “BSE Investments Limited”.
• BSE witnessed a trading of two tons of imported almond worth value of more than?6 lakh on the launch day of BEAM.
• The platform facilitates the spot agricultural commodities transactions across the value chain.
• The value chain comprise of intermediaries, consumers, producers and ancillary services.

Feature of ‘e-Agricultural Markets Limited’ BEAM

• BEAM makes use of the state-of-the-art technology that offer the customized solutions totraders, farmers andstakeholder.
• The platform helps in facilitating a risk-free purchase and sale of various agricultural commodities.
• It ensures for the lowercost of intermediation, enhanced producers’ realization, competitive consumer prices andimproved procurement efficiency.
• The platform will also eliminatingthe bottlenecks related with the procurement and trading.
• BEAM will help farmers in one state to reach out to markets of other states. It will facilitate auction for their produce.
• The platform willhelp the farmers and farmer collectives to discover the best prices for their produce on the basis of quality.
• It will also offers to build capacity so as to help intermediaries and exporters procure from states.

What was the need?

The platform will function as an institutionalized, electronic, transparent commodity spot trading platform. It has been launched in line withthe vision of Prime Minister to create a single market.