NEW DELHI — Government has raised the quantum of onion buffer to 5 lakh metric tonnes (LMT) this year, after achieving the initial procurement target of 3 lakh metric tonnes.
Apart from releasing in major markets, onions from the buffer are also being made available to retail consumers at a subsidised rate of INR 25 per kg through retail outlets and mobile vans of NCCF from Monday (August 21).
Retail sales of onion will be suitably enhanced in the coming days by involving other agencies and e-commerce platforms.
[bsa_pro_ad_space id=1]The Consumer affairs department has directed NCCF and NAFED to procure 1 lakh tonne each to achieve the additional procurement target alongside calibrated disposal of the procured stocks in major consumption centres, official sources said.
Disposal of onions from the buffer has commenced, targeting major markets in states where retail prices are above the all-India average or are significantly higher than the previous month.
As of date, about 1,400 metric tonnes of onions from the buffer have been dispatched to the targetted markets and are being continuously released to augment the availability.
Through measures like procurement for the buffer, targeted release of stocks and imposition of export duty, the government plans to ensure continuous availability of onions and also provide benefit to the farmers by assuring remunerative prices to them.
To improve the domestic availability of onions, the government had on Saturday (August 19) imposed a 40 per cent export duty on onions with immediate effect up to December 31, 2023.
Also read: Powered by government push, UPI transactions shot up to INR 83.2L crore in 2022