Maize prices crash below MSP in Telangana; farmers want State Govt to procure produce
Maize prices in Telangana have fallen to ₹1,600–1,800 per quintal, well below the ₹2,400 MSP, causing farmer distress. The drop is linked to higher global output from the US and Brazil. Farmers, especially in Khammam, are protesting and urging the State government to open procurement centres to ensure MSP-based purchases.
With maize prices falling by one-third below the minimum support price, farmers in Telangana seek intervention from the State Government. They want the government to open purchase centres to procure the produce at the MSP level to bail them out.
Trade analysts said that maize prices have turned soft globally because of large production projections in the US and Brazil, resulting in increased domestic availability. Farmers allege that prices of the commodity fell to ₹1,600-1,800 per quintal in most markets, against the MSP of ₹2,400. This, they argue, would push them to losses.
A group of farmers held protests at Khammam, one of the biggest maize-growing areas in the State, demanding the government to establish procurement centres to procure the commodity.
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Source : The Hindu Business Line
