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.