Nafed offloads buffer onion of 20K tonnes in different cities to contain prices

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To check the sudden spike in onion prices, cooperative Nafed has offloaded 20,000 tonnes of the bulb from the government's reserves in the last three weeks across India, official sources said.

Onion is being disposed of at the "going market rate" in major cities like Delhi, Patna, Lucknow, Chandigarh, Chennai and Hyderabad among others, sources said.

Nafed has been creating a buffer stock of onion on behalf of the government under the Price Stabilisation Fund (PSF) for the last few years.

For 2022-23, Nafed has built a record onion reserve of 2.50 lakh tonnes to deal with a potential spike in onion prices during the lean season that runs from August to December.

Daily Pioneer
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