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- NCCF and NAFED to Procure 5 Lakh Tonnes of Onion
NCCF and NAFED to Procure 5 Lakh Tonnes of Onion
- 28 Mar 2024
Recently, government mandated NCCF and NAFED to procure 5 lakh tonnes of onion directly from farmers, ensuring remunerative prices and stability.
- NCCF and NAFED directed to procure 5 lakh tonnes of onion directly from farmers for buffer requirement.
- Payments to farmers transferred through Direct Benefit Transfer.
- Rabi onion critical for country’s onion availability, contributes 72-75% of annual production.
- Previous year's procurement ensured stable prices for farmers and intervention in retail sales.
- Government took policy measures to regulate onion exports due to global supply scenario and dry spell.
- Export prohibition extended with exceptions for neighboring countries relying on India for onion supply.
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