NAFED begins onion purchase from Nashik

By: | Published: April 23, 2016 6:05 AM

The National Agricultural Co-operative Marketing Federation of India (NAFED) has begun purchase of onion from Lasalgaon in Nashik during the last couple of days under the Price Stability Fund (PSF) that was set up by the Centre to control prices and prevent artificial hoarding by traders.

The National Agricultural Co-operative Marketing Federation of India (NAFED) has begun purchase of onion from Lasalgaon in Nashik during the last couple of days under the Price Stability Fund (PSF) that was set up by the Centre to control prices and prevent artificial hoarding by traders.

The Small Farmers AgriBusiness Consortium (SFAC) is expected to begin procurement from April 25 onwards. SFAC has mandated seven-eight farmer producer companies to purchase and stock around 10,000 tonne on its behalf. The Centre has mandated NAFED, SFAC and IFCI to purchase and stock around 15,000 tonne of onion this season.

A purchase of 138 quintals was made in the inaugural programme of Nafed in Nashik and more stocks are expected to be purchased by the agency for future use, senior officials of NAFED said. The organisation has only around 2,500 tonne of storage space and is on the lookout for more.

Last year, when onion prices had touched R80 per kg in some states including Delhi, the Small Farmers’ Agriculture-Business Consortium (SFAC) — which has purchased 7,000-8,000 tonne under the PSF —sold onions through Mother Dairy’s Safal outlets as well as 100 booths of Delhi Milk Scheme (DMS).

Nafed had also supplied 2,500 tonne to the Delhi government, and later re-invited tenders for import of 10,000 tonne of onions. The agriculture ministry had approved the setting up of a PSF with a corpus of R500 crore, to be used to support market interventions to manage prices of perishable agri-horticultural commodities.

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