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Business EconomyPosted at: Mar 22 2023 4:18PM


mjunction conducts maiden e-auction of Large Cardamom for Spices Board

Kolkata, March 22 (UNI) India’s largest B2B e-commerce company mjunction services limited, has recently conducted its first ever e-auction of Large Cardamom.
Earlier, mjunction received the auctioneer licence from Spices Board of India, Government of India,
to conduct e-auction for spices.

At the event conducted on Tuesday, on mjunction’s platform, buyers from West Bengal, Assam, Karnataka and Sikkim participated, with offerings from Phek Organic Large Cardamom Producer Co. Ltd., Nagaland. The event concluded with 100% sales with an average sale price of Rs 562 per kg. Whereas Kukkr Technologies, a Bangalore based spice exporter, emerged the highest bidder at the e-auction.
This is a big digital milestone for spices supply from the Northeastern India. According to mjunction MD Vinaya Varma, “mjunction is also very keen to explore and provide its technology backed auction platform with all its value-added services to spice sellers and buyers nationally.”

Varma also added, “I would like to thank the Spices Board and all participants for this successful event. I am hopeful that this will pave the way for other spice products to come under our e-auction ambit.”
Meanwhile, B N Jha, Director Marketing, Spices Board, congratulated mjunction and all stakeholders for the successful e-auction event. Vilhou Wetsah, CEO of Phek Organic Large Cardamom Producer Co. Ltd., Nagaland, acknowledged Spices Board and mjunction for providing marketing and auctioning support.

Additionally, Vijay Kumar G, CEO of Kukkr Technologies, expressed gratitude towards mjunction for bringing the sellers to the platform and hoped that buyers could get more benefits and varieties of spices in the coming days.
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