7/13/22, 1:25 PM onion: Centre procures 52,460 tonne onion till May for buffer stock - The Economic

ill May for buffer stock - The Economic Times

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Business News › News › Economy › Agriculture › Centre procures 52,460 tonne onion till May for buffer stock

Centre procures 52,460 tonne onion till May for

buffer stock
PTI Last Updated: Jun 24, 2022, 05:04 PM IST
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Synopsis
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).

The Centre has procured 52,460 tonne

Agencies

of onion till May-end this year for

maintaining a buffer stock, a senior
All in one Times Prime
Consumer Affairs Ministry official membership now @₹709* only
said on Friday.

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The government for the last few years

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A procurement target of 2.50 lakh tonne of rabi
has been maintaining a buffer stock of
2022 onion has been fixed for 2022-23. onion to tackle price rise during the 1. PM to launch SGX Nifty trade
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lean season. Onion is being procured
through an agency National Agricultural Cooperative Marketing Federation of
India (Nafed).

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https://economictimes.indiatimes.com/news/economy/agriculture/centre-procures-52460-tonne-onion-till-may-for-buffer-stock/articleshow/924367… 1/5
7/13/22, 1:25 PM onion: Centre procures 52,460 tonne onion till May for buffer stock - The Economic Times

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"Nafed has reportedly procured 52,460.34 tonne of onion till May 31, this year,"
the official said.

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The target set for the current year will be achieved by next month, the official 1. Centre allays concerns over
$620.7 bn external debt, says
its share only 21%
added.

In 2021-22, a total quantity of 2.08 lakh tonne of rabi (winter) onion was 2. RBI allows payments for
cross-border trade in rupee,
procured for calibrated and targeted releases to stabilise prices during the lean move to benefit trade with
Russia
season.

As per the Agriculture Ministry's estimate, the country's total onion

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changer to achieve $20-
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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.

4. India’s 1st elevated urban

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Onion Buffer Stock Consumer Affairs Ministry Rabi Nafed

5. Supplementary demand for
grants unlikely in the
upcoming monsoon session
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7/13/22, 1:25 PM onion: Centre procures 52,460 tonne onion till May for buffer stock - The Economic Times
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