Home WORLD NEWS Centre procures 52,460 tonne onion till May for buffer stock

Centre procures 52,460 tonne onion till May for buffer stock

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NEW DELHI: The Centre has procured 52,460 tonne of

onion

till May-end this

year

for maintaining a buffer stock, a senior

consumer

affairs

ministry

official said on Friday.

The government for the last few years has been maintaining a buffer stock of onion to tackle price rise during the lean season. Onion is being procured through an agency National Agricultural Cooperative Marketing Federation of India (Nafed).

A procurement target of 2.50 lakh tonne of onion has been fixed for 2022-23.

“Nafed has reportedly procured 52,460.34 tonne of onion till

May

31, this year,” the official said.

The target set for the current year will be achieved by next month, the official added.

In 2021-22, a total quantity of 2.08 lakh tonne of rabi (winter) onion was procured for calibrated and targeted releases to stabilise prices during the lean season.

As per the agriculture ministry’s estimate, the country’s total onion production is estimated to increase by 16.81 per cent to 31.12 million tonne in the 2022-23 crop year (July-June), compared to 26.64 million tonne in the 2021-22 crop year.

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