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Govt procures 25,000 tonnes of Kharif onion
![Govt allows export of 99,150 tonnes of onion to 6 countries Govt allows export of 99,150 tonnes of onion to 6 countries](https://www.bizzbuzz.news/h-upload/2024/01/02/1841512-onion.webp)
Govt allows export of 99,150 tonnes of onion to 6 countries
New Delhi: The Centre has so far procured 25,000 tonnes of onion grown in the 2023 kharif season for maintaining a buffer stock, Consumer Affairs Secretary Rohit Kumar Singh said on Monday. The government is procuring onion to maintain a buffer stock and use it for market intervention to boost domestic availability and keep prices in check.
The government has raised the buffer stock target to 7 lakh tonnes for the 2023-24 fiscal, against the actual stock of 3 lakh tonnes last year. According to the Secretary, the government had procured 5 lakh tonnes from last year's rabi season and is purchasing 2 lakh tonnes of kharif onion as the buffer stock target has been raised.
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