The Hindu·3 min read·medium
Markfed makes profit in e-auction of nearly 11LT of maize procured in Rabi
T
The Hindu Bureau
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The Telangana Cooperative Marketing Federation (TG-Markfed) successfully auctioned over 10 lakh tonnes of maize, generating a profit of ₹1,500 per tonne. The agency is now working with the Food Corporation of India to address storage capacity shortages in the state.
The Telangana Cooperative Marketing Federation (TG-Markfed) has secured an average price of ₹25,370 per tonne in the e-auction of maize conducted in three phases, and it had yielded a profit of ₹1,500 per tonne compared to the procurement price.
economybusinessfood
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