NCCF recently said it has purchased 2,826 tonnes of onion at Rs 2,410 per quintal directly from farmers from Maharashtra as it has resumed procurement of onions for a higher buffer stock.
The government has raised the onion buffer stock target from 3 lakh tonnes to 5 lakh tonnes this year. Both NCCF and NAFED, have been asked to procure 1 lakh tonnes each directly from farmers.
These cooperative bodies are also disposing of the government’s buffer stock of onion in both wholesale and retail markets to control the rising retail prices of onion.