Categories: Business

Nafed procures 95,000 tonnes of onion to create buffer stock Nafed procures 95,000 tonnes of onion from farmers for Rs. 10-11 per kg.

Photo: TIMESOFINDIA

Nafed procures 95,000 tonnes of onion to create buffer stock

new Delhi. The Indian National Agricultural Cooperative Marketing Federation (NAFED) has purchased 95,000 tonnes of onions directly from farmers at current rates to create buffer stocks on behalf of the government. Nafed said it had purchased 57,000 tonnes of onions from the 2018-19 Rabi (winter) crop under the Price Stabilization Fund (PSF) last year. This year the target is to buy one lakh tonnes of onions from major producing states.

SK Singh, Additional Managing Director of NAFED said that we have so far purchased 95,000 tonnes of onions for buffer stock. The target of one lakh tonnes will be met in the next two-three days. Rabi crop of onion can be stored. Rabi crop onion can be preserved for a longer period than the Kharif crop. The procurement of rabi onions has been done mainly from Maharashtra, Madhya Pradesh and Gujarat from farmer procurement organizations (FPOs) and direct procurement centers for cooperatives.

Singh said that onions have been procured at an average price of Rs 10-11 per kg. NAFED has added capacity to store 30,000 tonnes of onions in Maharashtra and Madhya Pradesh with the support of the state governments. Last month, Nafed had asked the state governments in advance to state their need so that the stored onions could be delivered to them on time. This will also help in reducing storage losses. Apart from the onion, NAFED is also buying pulses for buffer stock.

This post was published on August 3, 2020 10:45 am

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