Since the portal Agribazaar was launched in 2004, it has given birth to numerous success stories of farmers and entrepreneurs who have made huge amount of sales through the portal. The success stories include entrepreneur Muhd Shukri Muhd Salleh, who distributes local snack, Serunding, since 2005. His sales through Agribazaar is estimated to be RM17,000 a month, on a part-time basis. Corn and vegetable farmer from Rembau, Negeri Sembilan, Rosromaizi Bin Kamaruddin is another Agribazaar success story, when his income increased from RM10,000 monthly to RM17,000 through the portal. Nonsah Samsuri, grower of local herb Misai Kucing, had achieved accumulated sales of RM6 million while sheep rearer, Nor Azli Mohamad, achieved sales of RM10,000 monthly.
To further enhance the capabilities of the portal, MIMOS has recently completed and handed over Agribazaar version 2.0 to the Department of Agriculture. The latest version has the capability to match supply and demand and provide the platform for transactions to be carried out in a fast and efficient manner through virtual store, shopping cart and e-payment.
To enhance usage and efficiency of the portal by making it more comprehensive for the marketplace, Agribazaar tracks and analyses transaction data and offers it to members. Stakeholders along the value chain including farmers, retailers, wholesalers, distributors, farmers, exporters and importers can use such market data generated through transactions in Agribazaar to plan their activities in accordance to market supply and demand trends. Members can use data and analysis provided to conduct market forecasting, as well as buying and production planning.
Agribazaar 2.0 also offers logistics arrangements and tracking capabilities to provide convenience to buyers and sellers and ensure that products traded within the portal arrive safely and on time. To accommodate different Internet connection speeds which users have access to, the new version offers two browsing modes – graphic-heavy or light.