New Delhi: Nafed on Sunday said it has procured 25,000 tonnes of onion so far from farmer producer organisations (FPOs), cooperatives and direct purchase centres at the prevailing rates for creating a buffer stock on behalf of the government.Last year, the Nafed had purchased a total of 57,000 tonnes of onion from the 2018-19 rabi (winter) crop.
The target this time is to buy 1 lakh tonnes of key kitchen staple from the major producing states, it said."This initiative will have dual benefit of stabilising the domestic prices of onion in the COVID-19 time as well and create an all-time high buffer stocking of 1 lakh tonne which may be utilised for the lean months," National Agricultural Cooperative Marketing Federation of India (Nafed) said.