Procuring & Distribution Operations
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 2019-20, Markfed has procured 28.38 lac MT of wheat on behalf of Govt. of India and during the year 2020-21, Markfed has procured 30.00 Lac MT of wheat.
Markfed plays a vital role in paddy procurement in the state. During the year 2019-20, Markfed procured 41.70 lac MT of Paddy on behalf of Govt. of India against the target of 42.50 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 75% fertilizers through cooperative societies. It holds market share of 45% in the state of Punjab. Markfed distributes about 8.5 Lac MTs of Urea & 2.2 Lac MTs of DAP annually. Markfed works as stabilizing agent towards control of market prices of fertilizers in the state. .
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. The unit has earned around Rs. 3.65 Crore as profits during 2019-20. Apart from this the department is providing and distributing quality BT seed and Wheat seed to farmers in Punjab.