Telangana to procure 15 lakh tonne of maize
Telangana will procure 14.89 lakh tonnes of maize at ₹2,400/quintal to support farmers amid low prices. The ₹4,173 crore plan targets one-third of output, with TS MARKFED handling procurement, backed by government guarantees for funding support.
With maize prices ruling far below the minimum support price, the Telangana government has decided to intervene and procure at least one-third of the estimated output of 43.20 lakh tonne (lt).
The government would spend ₹4,173 crore to procure 14.89 lt of maize at the MSP of ₹2,400 a quintal. The Cabinet has cleared the proposal and agreed to provide the required guarantee to help Telangana State Cooperative Marketing Federation Limited (TS MARKFED) raise the required funds.
Telangana, which is among the top maize-producing States in the country, has grown the crop on about seven lakh hectares, with an estimated yield of 65.66 quintals per hectare.
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Source : The Hindu Businessline
