Markfed makes profit in e-auction of nearly 11LT of maize procured in Rabi
The Telangana Cooperative Marketing Federation (Markfed) recently conducted an e-auction for nearly 11 lakh tonnes of maize procured during the Rabi season, resulting in a profit of ₹1,500 per tonne compared to the procurement price. The agency opted for an e-auction instead of the traditional e-tender method to sell the maize, which would otherwise face storage challenges due to limited space.
The auction, held over three phases, yielded an average price of ₹25,370 per tonne, with the highest price reaching ₹26,500 per tonne.
Brief written by urgent.news from The Hindu's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
