BSE, India’s premier and most diversified exchange and the world’s fastest Stock Exchange launched an electronic spot platform for agricultural commodities - “BSE E-Agricultural Markets Ltd. (BEAM)” - through its subsidiary BSE Investments Ltd. This platform will function as a national level, institutionalized, electronic, transparent commodity spot trading platform in line with the Prime Minister's vision to create a “single market”. The platform facilitates spot agricultural commodities transactions across value chain consisting of producers, intermediaries, ancillary services and consumers. The platform will commence operations effective December 11, 2020.
BEAM has leveraged on state-of-the-art technology to offer customized solutions to farmers, traders, and stakeholders to facilitate risk-free and hassle- free purchase and sale of various agri commodities. This platform will ensure reduced cost of intermediation, improved procurement efficiency, enhanced producers’ realization and ultimately more competitive consumer paid price. The platform will also help eliminate bottlenecks associated with procurement and trading.
BSE E Agricultural Markets Limited (BEAM) is a subsidiary of the BSE Investments Limited (wholly owned subsidiary of BSE) the fastest stock exchange in the world. This BSE initiative is aimed at enhancing the competitiveness of the Indian agricultural market leveraging the strengths of BSE in financial markets, market technology and its vibrant ecosystem.
BEAM is creating a modern ecosystem for Agricultural Markets by redefining the role of existing value chain participants for enhanced value creation.
Trading on BEAM is very simple
1. Register on BEAM
2. Participate in the BEAM bidding process
3. Buyer gets the commodity and seller receives the payment.
BEAM facilitates Storage, Assaying, and other market support services through its ecosystem partners.