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

Kolkata, March 22: 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 March 21, 2023, 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. 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 North Eastern India. According to mjunction MD Mr 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.

“I would like to thank the Spices Board and all participants for this successful event. I am hopeful that this paves the way for other spice products to come under our e-auction ambit,” Mr Varma added.

Mr B N Jha, Director Marketing, Spices Board, congratulated mjunction and all stakeholders for the successful e-auction event.
Mr Vilhou Wetsah, CEO of Phek Organic Large Cardamom Producer Co. Ltd., Nagaland, thanked Spices Board and mjunction for providing marketing and auctioning support. Also, Mr Vijay Kumar G, CEO of Kukkr Technologies, thanked mjunction for bringing the sellers to the platform and hoped the buyers could get more benefits and varieties of spices in the coming days. eom