# Telangana to procure sorghum at ₹2,970 a quintal - The HinduBusinessLine

> 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.

- Date: 2023-05-13 · published 2023-05-13T12:00:00.000Z
- Category: policy · region India · magnitude low
- Page: https://feedsoft.ai/events/36002-telangana-to-procure-sorghum-at-2-970-a-quintal-the-hindubusinessline
- Commodities: [Sorghum](https://feedsoft.ai/c/SORGHUM.md)

## Why it matters

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.

## Read by commodity

- SORGHUM: bullish ▲

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/telangana-to-procure-sorghum-at-2970-a-quintal/article66845520.ece

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.