Nafed buys 95,000 tonnes of onions from farmers to create buffer stock

India’s National Federation of Agricultural Cooperative Marketing (Nafed) said on Sunday it had purchased 95,000 tonnes of onions directly from farmers at going rates to create a buffer stock on behalf of the government.

Last year, Nafed purchased a total of 57,000 tonnes of onions from the Rabi (winter) 2018-19 harvest under the Price Stabilization Fund (PSF). The objective this time is to buy 1 lakh of tons of staple foods for the kitchen of the main producing states.

“We have purchased 95,000 tonnes of onions for buffer stock so far. We will reach the target of 1 lakh tonne in the next 2-3 days,” Nafed Additional general manager SK Singh told PTI. .

Onions grown in Rabi (winter) culture can be stored and have a long shelf life compared to that grown in Kharif season.

READ ALSO : Onion trades at cost of production as prices drop 25%, which could deter Kharif seedlings

Rabi onions were purchased largely in Maharashtra, Madhya Pradesh and Gujarat through agricultural producer organizations (FPOs) and cooperative societies as well as direct buying centers, he said. .

Singh also said: “The onions were bought at an average price of 10-11 rupees per kg.”

The cooperative added its own operational storage capacity for onions in Maharashtra and Madhya Pradesh of 30,000 tonnes, with support from state governments.

Last month, Nafed approached state governments to send their lean month-ahead demands to ensure a swift evacuation of the onion stored in a planned manner to have a salutary effect on retail prices, which tend to increase from late August to November. .

This will help reduce storage losses, as long storage life results in a 35 percent higher storage loss, which is compounded due to adverse weather conditions as reported last year. Besides the onion, Nafed obtains legumes for the buffer stock.

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