NCCF and NAFED to Procure 5 Lakh Tonnes of Onion

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.