The spot market for agricultural commodities, which is fragmented among 7, 000 local markets or mandis, would also benefit from more centralised electronic exchanges.
The kiosks displayed the minimum and maximum price paid for soyabeans at 60 mandis, updated once a day, along with agricultural information and weather forecasts.
Farmers in the region sell their soyabeans to intermediaries in open auctions at government-regulated wholesale markets called mandis, a system that was set up in order to protect farmers from unscrupulous buyers.