The A.P. Markfed has procured more than 25,000 tonnes of maize through 1,548 Rythu Bharosa Kendras (RBKs) across the State since May 5 as its price is reported to be below the minimum support price (MSP) of ₹1,962 per quintal.
The State government has spent more than ₹50 crore so far for procurement of the produce. The Markfed has made payment to the farmers within one week through the CMAPP, according to Rahul Pandey, Managing Director, A.P. Markfed.
“In the last few days, the interventions by Markfed have led to improved demand among the private participants, resulting in an increase in price from ₹1,750 to ₹2,000 per qunital,” M.V.S. Nagireddy, Vice-Chairman, A.P. State Agriculture Mission told The Hindu.
