In a remarkable decision, the Indian Government has increased the onion buffer stock to five lakh metric tonnes this year, surpassing the initial procurement goal of three lakh metric tonnes. To achieve this supplementary target, the Department of Consumer Affairs has instructed the NCCF and Nafed to acquire one lakh tonnes each, while also efficiently […]
The government on Saturday imposed a 40 per cent duty on the export of onions to check price rise and improve supplies in the domestic market till 31 December 2023. Earlier today, the Finance Ministry issued a notification stating that they have imposed a 40 per cent export duty on onions till December 31, 2023. […]
The government has directed its procurement agencies to immediately intervene in the market for the purchase of Kharif red onion and for simultaneous dispatch and sale to the consumption centres in the wake of reports of their falling prices in the mandis. It directed the National Agricultural Cooperative Marketing Federation of India Limited (NAFED) and […]
