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LATEST NEWS UPDATES | Government buys 2.5 lakh tonnes of onion for buffer stock

Government buys 2.5 lakh tonnes of onion for buffer stock

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published Published on Jul 15, 2022   modified Modified on Jul 16, 2022

-The New Indian Express

Onion production is estimated to have risen to 31.70 million tonnes in 2021-22 from 26.64 million tonnes in the previous year, according to the government data.

NEW DELHI: The government has procured 2.5 lakh tonnes of onion from farmers to create buffer stocks for 2022-23 and will intervene in the market in case of rise in retail prices of onion.

Onion production is estimated to have risen to 31.70 million tonnes in 2021-22 from 26.64 million tonnes in the previous year, according to the government data.

"Beating past records, the Centre has procured 2.50 lakh tonnes of onion for the buffer in 2022-23. The onion buffer size in current year is 0.50 lakh tonnes higher than the 2 lakh tonnes created during 2021-22," Food and Consumer Affairs Ministry said in a statement.

The current rabi harvest onions were procured by the National Agricultural Cooperative Marketing Federation of India (NAFED) from farmers through the Farmer Producer Organisations (FPOs) in the onion growing states of Maharashtra, Gujarat and Madhya Pradesh.

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The New Indian Express, 15 July, 2022, https://www.newindianexpress.com/nation/2022/jul/15/government-buys-25-lakh-tonnes-of-onion-for-buffer-stock-2476967.html?fbclid=IwAR3kle3HNAcIB_-cHEzOlCwH3S9lEp1D0fM9KVsHyIBIQUsz1KRnzM0yXCo


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