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HomeAgroPolicyNAFED procures 2.50 lakh tons Onions for buffer stock in FY 22-23

NAFED procures 2.50 lakh tons Onions for buffer stock in FY 22-23

source-public domain(tradeindia.com)

The onion buffer size in current year is 0.50 lakh tons higher than the 2.0 lakh tons created during 2021-22.

Beating past records, the Centre has procured 2.50 lakh tons of onion for the buffer in 2022-23. The onion buffer size in current year is 0.50 lakh tons higher than the 2.0 lakh tons created during 2021-22. The onions were procured from current rabi harvest for the price stabilisation buffer. The stocks have been procured by National Agricultural Cooperative Marketing Federation of India (NAFED) from farmers through the Farmer Producer Organisations (FPOs) in rabi onion growing states of Maharashtra, Gujarat and Madhya Pradesh.

The stocks will be released through targeted open market sales and also offered to states/UTs and government agencies for supplies through retail outlets during the lean months (Aug – Dec) to moderate price rise. Open market releases will be targeted towards states/cities where prices are increasing over the previous month and also in key mandis to augment the overall availability.

The price stabilisation buffer serves the twin objectives of providing remunerative prices to onion farmers and augmenting the availability of onions at affordable prices to the consumers. Onion is a semi perishable vegetable and post-harvest losses due to physiological weight loss, rotting, sprouting etc. are estimated to be substantial. Rabi onion harvested during April – June accounts for 65 per cent of India’s onion production and meets the consumer’s demand till kharif crop is harvested from October-November. It is therefore vital to successfully store onion in order ensure the regular supply.

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