"ICT (information and communications technology) can be used to reduce the information and observable transaction costs to create efficiencies in agricultural markets," de Silva said.
"And if we can create efficiencies in agricultural markets, we can create welfare on both sides of the equation," he told a recent seminar on the role of ICT in agriculture.
"The core will definitely have to be a system that marries the decision-making and selling and that is where ICT will take agriculture markets from this point on and that is where we see some variants of commodity exchanges developing."
Useful but costly information is unavailable to farmers during their agricultural cycle.
Sri Lanka had mainly focused on the selling s