Karnataka: Ethanol companies agree to buy maize at MSP after CM’s meeting
29-Nov-2025 05:07 PM
Karnataka: Ethanol companies agree to buy maize at MSP after CM’s meeting
★ In a meeting held on Friday with the Karnataka Chief Minister, ethanol-producing companies agreed to follow the government’s directive and purchase maize at the Minimum Support Price (MSP).
★ The companies pointed out that the cost of producing ethanol is higher than its selling price, making it difficult for them to procure maize at MSP.
★ This Kharif season, maize has been sown on 17.94 lakh hectares in Karnataka, with an estimated production of 54.74 lakh tonnes. However, due to current market conditions, farmers are facing severe distress.