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The Telangana government will procure about 65,500 tonnes of rabi-season sorghum from farmers at 2,970 rupees per quintal through Markfed. The state is backing the purchase with a 220 crore rupee bank guarantee, and about one lakh farmers are expected to benefit.
A state procurement program supports domestic Indian sorghum prices and farm incomes, but the volume is small relative to global trade and has limited effect on world feed prices.
thehindubusinessline.comKV KurmanathMay 13, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
