Key Points
Amid rising prices of onions in parts of India, the central government has started releasing the staple vegetable from its buffer stock...
The central government had earlier decided it will maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock..
In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock...
"It was decided to release the onion stocks by targeting key markets in states or regions where retail prices are ruling above the all-India average and also where the rates of increase in prices over the previous month and year are above the threshold level..
The onion buffer has played a key role in ensuring availability of onion to the consumers at affordable prices and in maintaining price stability," it said.. Rabi onion harvested during April - June accounts for 65 per cent of India's onion production and meets the consumer's demand till the Kharif crop is harvested in October-November...
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Centre starts releasing onions in key markets from buffer stock to rein in prices
11, Aug, 23The central government had earlier decided it will maintain 3 lakh tonne of onions in the 2023-24 season as buffer stock. In 2022-23, the government maintained 2.51 lakh tonne onion as buffer stock.
Onion prices soar by 57%; Govt increases buffer stock sales for consumer relief
27, Oct, 23The government decided to step up the sale of buffer onions in order to provide relief to consumers.
Centre to sell onions at subsidised rate of Rs 25/kg through retail outlets of NCCF, NAFED: Piyush Goyal
22, Aug, 23The government has started procurement of onions at Rs 2,410 per quintal from August 22 onwards, Union Minister of Consumer Affairs and Food Piyush Goyal said.
Govt procures 25,000 tonnes of kharif onion so far for buffer stock
02, Jan, 24The government has raised the buffer stock target to 7 lakh tonnes for the 2023-24 fiscal, against the actual stock of 3 lakh tonnes last year. According to the Secretary, the government had procured 5 lakh tonnes from last year's rabi season and is purchasing 2 lakh tonnes of kharif onion as the buffer stock target has been raised.
Govt raises onion buffer to 5 lk MT; NCCF to retail onions at Rs 25/kg
20, Aug, 23India has raised the quantum of onion buffer to five lakh metric tonne after achieving the initial procurement target of three lakh metric tonne. The National Cooperative Consumers' Federation and National Agricultural Cooperative Marketing Federation of India will procure around one lakh metric tonne of onions to achieve additional procurement targets.
‘Kanda Trains’ to help ease onion prices before Diwali
17, Oct, 24The government plans to stabilize onion prices by releasing 91,960 tonnes from buffer stocks via rail to key consumption centers and e-commerce platforms, selling at Rs 35/kg. This intervention aims to address the spike in vegetable prices, with onion prices nearing Rs 100/kg in retail markets.
Government procures 3 lakh tonnes of onion for buffer stock
16, Jul, 23The government has procured 20 per cent more onion at 3 lakh tonnes as buffer stock this year, while also piloting irradiation of onion with Bhabha Atomic Research Centre (BARC) to increase shelf life, Consumer Affairs Secretary Rohit Kumar Singh said on Sunday.
'Agriculture Ministry urged to give increased incentives for kharif onion to boost supply during festival
01, Jul, 23The consumer affairs ministry has asked the agriculture ministry to give more incentive and impetus to kharif onion during the festival period in the winter season to avoid any spike in prices, a top government official said on Friday. Normally, onion prices shoot up during the winter season, as stored rabi onion gets exhausted and fresh kharif onion cannot be stored. Currently, the sowing of kharif onion is underway.
'Centre plans to procure five lakh tonnes of onions this year for buffer stock'
08, Mar, 24The government's plan to create buffer stock comes amid an estimated fall in onion output in 2023-24. Production of onion in 2023-24 is expected to be around 254.73 lakh tonnes compared to around 302.08 lakh tonnes last year due to a decrease of 34.31 lakh tonnes in Maharashtra, 9.95 lakh tonnes in Karnataka, 3.54 lakh tonnes in Andhra Pradesh and 3.12 lakh tonnes in Rajasthan, the agriculture ministry said in a statement on Thursday.