ICO GFC e-auction

GFC e-auction (Greek Food Corridors): The spot market and price Index/mechanism. The aim of the project is to achieve the automation of the Agricultural Greek market through a modern electronic Trading infrastructure export-oriented at European standards, by organizing & coordinating the market and creating transparency, speed and trust.

The design of Greek Food Corridors concept is the setting up of a central auction system in Athens & Brussels(Terminal HUB I), call it the “dealing room”, in which various Fruits and Vegetable lots geographically located are sold to the highest bidder, local as remote, using a clock auction system. We integrate and coordinate the actual Greek Agricultural markets with the the nationwide network of product supply, cold storage logistics, Service providers, quality control agencies and transport companies to provide rapidly the best quality product at your doorstep.

A big advantage of the new infrastructure, especially for the small and medium-sized farmer’s cooperatives and Group of Producers, is the fact that they will be able to negotiate directly with buyers, both at a national and international level, under the same conditions as larger companies. The new platform will facilitate the task of finding buyers or sellers to negotiate simultaneously and in real time on the trading screen. The members will be able to benefit from economies of scale as well as marketing and from direct access to International markets.