Indian Government has procured 25,000 tonnes of kharif onion so far for buffer stock

The Center has so far procured 25,000 tonnes of onion grown in the 2023 kharif season for maintaining a buffer stock, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The government is procuring onion to maintain a buffer stock and use it for market intervention to boost domestic availability and keep prices in check. The government has raised the buffer stock target to 7 lakh tonnes for the 2023-24 fiscal, against the actual stock of 3 lakh tonnes last year. According to the Secretary, the government had procured 5 lakh tonnes from last years rabi season and is purchasing 2 lakh tonnes of kharif onion as the buffer stock target has been raised. About 25,000 tonnes of kharif onion has so far been procured from mandis. The procurement is underway, he told PTI. Of the 5 lakh tonnes of rabi onion lying in the buffer stock, the government has offloaded 3.04 lakh tonnes of ...