Key Points
The government is planning to procure 5 lakh tonnes of onions this year for its buffer stock that can be used to intervene in the market in case of a price rise, according to sources..
The food and consumer affairs ministry had created 5 lakh tonnes of buffer stock last year, of which 1 lakh tonne is still available, they added...
Agencies like NCCF and NAFED will procure onion on behalf of the government...
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...
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NCCF procures 2,826 tn onion from farmers for buffer stock; to scale up buying in coming days
26, Aug, 23The National Cooperative Consumers' Federation of India (NCCF) has purchased 2,826 tonnes of onions directly from farmers in the last four days, mostly from Maharashtra, as it aims to increase its buffer stock. The government has increased the onion buffer stock target from 3 lakh tonnes to 5 lakh tonnes this year. The NCCF and NAFED have been directed to procure 1 lakh tonnes each directly from farmers to prevent panic selling and control domestic prices.
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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.
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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.
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19, Aug, 23Earlier, the government said that it would release 3 lakh tonnes of onion from its buffer stock to boost availability.
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