With the farmers’ cooperative NAFED and the National Cooperative Consumers’ Federation of India (NCCF) starting to use the government’s National Agriculture Market (e-NAM) to sell onion from buffer stocks. In the last one week, Nafed and NCCF have sold more than 260 tons of onion on e-NAM, which digitally integrates wholesale markets across states, from their buffer stock in Lasalgaon, Maharashtra to buyers in Andhra Pradesh, Himachal Pradesh, Odisha, Punjab and Jharkhand.
Anice Joseph Chandra, NCCF managing director said that for selling onion on e-NAM from its NCCF stock in Maharashtra, the state government has exempted the buyers from payment of mandi fee.
Recently, the government directed Nafed and NCCF to sell onion in the open market from their buffer to curb spike in prices. It also directed two agencies to procure 0.2 million tons of onion from farmers at a highest ever rate of Rs 2410/100 kgs, as it sought to help farmers hit by the prohibitive 40% export tax on the vegetable.
[ Rs 100 = €1.10 ]
Source: financialexpress.com
Photo source: Dreamstime.com