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Businesses like NCCF and NAFED will procure onion on behalf of the federal government.
Sources stated that the federal government’s determination to promote onions at a subsidised charge from its buffer inventory has helped in controlling costs.
The federal government will take a choice on lifting the ban on onion exports later this month. The ban is until March 31.
The federal government’s plan to create buffer inventory comes amid an estimated fall in onion output in 2023-24.
“Manufacturing of onion in 2023-24 is predicted to be round 254.73 lakh tonnes in comparison with round 302.08 lakh tonnes final 12 months resulting from a lower of 34.31 lakh tonnes in Maharashtra, 9.95 lakh tonnes in Karnataka, 3.54 lakh tonnes in Andhra Pradesh and three.12 lakh tonnes in Rajasthan,” the agriculture ministry stated in an announcement on Thursday. The decline in onion manufacturing in 2023-24 is 16 per cent in comparison with the earlier 12 months.
As per the info, onion manufacturing stood at 316.87 lakh tonnes in 2021-22.
