The federal government for the previous few years has been sustaining a buffer inventory of onion to deal with value rise throughout the lean season. Onion is being procured by means of an company Nationwide Agricultural Cooperative Advertising and marketing Federation of India (Nafed).
A procurement goal of two.50 lakh tonne of rabi 2022 onion has been fastened for 2022-23.
“Nafed has reportedly procured 52,460.34 tonne of onion until Might 31, this yr,” the official stated.
The goal set for the present yr will probably be achieved by subsequent month, the official added.
In 2021-22, a complete amount of two.08 lakh tonne of rabi (winter) onion was procured for calibrated and focused releases to stabilise costs throughout the lean season.
As per the Agriculture Ministry’s estimate, the nation’s complete onion manufacturing is estimated to extend by 16.81 per cent to 31.12 million tonne within the 2022-23 crop yr (July-June), in comparison with 26.64 million tonne within the 2021-22 crop yr.
