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Markfed, being a State Government procuring agency is engaged in Procurement of agricultural produce . It procures wheat, paddy, Cotton, oil-seeds like mustard, sunflower on behalf of Govt. of India through FCI / NAFED as part of Minimum Support Price (MSP) policy / Price Support Scheme. The food-grains business comprises more than 85% of the business turn-over of the Markfed.
Procurement of Food Grains.
During the year 2013-14, Markfed has procured 24.18 lac MT of wheat upto July 2013 on behalf of Govt. of India.
Supply of wheat under Atta and Daal Scheme of Punjab Govt.:
Markfed procured 0.26 lac MTs of wheat during 2012-13 for Atta Daal Scheme of Punjab Govt.
Markfed plays a vital role in paddy procurement in the state. During the year 2012-13, Markfed procured 29.15 lac MT of Paddy on behalf of Govt. of India against the target of 28.60 lac MT. The milling of paddy is done under the Custom milling Policy of Food Civil Supplies & Consumer Affairs, Govt. of Punjab.
Distribution & Trading Operations.
Markfed has been appointed as a nodal agency for procurement & distribution of DAP fertilizers through cooperatives since last three years. It holds a market share of 45% in the state of Punjab. The state always relies on Markfed for the rescue of Punjab Farmer. Markfed distributes about 8.00 Lac MT urea and 3.50 Lac MT DAP annually.
To facilitate efficient crop management, Markfed has an Agro-Chemicals unit at Mohali, to formulate about 29 pesticides mostly ISI marked. This unit is ISO: 9001-2000 certified since 2004. It has tied up with leading MNC Syngenta and D.I.Dupont for providing quality agrochemical products. The unit has earned around Rs. 6.41 Crore as profits during 2012-13. Apart from this the department is providing and distributing quality BT seed and Wheat seed to farmers in Punjab.
Markfed is doing the business of purchasing Cotton Pressed Bales on commission basis for Spinning Mills and has purchased 8687 Cotton Bales upto July 2013