Markfed makes profit in e-auction of nearly 11LT of maize procured in Rabi

HYDERABADThe 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.The agency went for e-auction, instead of the practice of e-tenders in the past, for sale of 10.98 lakh tonnes of maize procured during the recent Rabi season. Minister for Agriculture Tummala Nageswara Rao has stated that Markfed had procured a record 14.6 lakh tonnes of maize during Rabi.As there was shortage of storage space for storing the procured grain, it was stocked in the open sheds, cotton ginning mills and rice mills temporarily. Since 3.8 lakh tonnes of the stock was facing threat of getting soaked in untimely rains, it was sole