The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED), which hopes to build a buffer by purchasing from onion growers, might have to pay a higher price this year; Maharashtra’s growers are demanding Rs. 30/kg for their goods. Earlier, they used to get Rs. 8-10/kg.
The President of Maharashtra State Onion Growers' Association, Bharat Dighole, has declared that if NAFED does not agree to buy at the demanded price, the growers will not sell a single kilogram of onions to them this year.
According to reports, NAFED bought around one 100,000 tonnes onions, from which 75,000 tonnes came from Maharashtra. These onions fetched a price of Rs. 40-50/kg when the market price was at a high.
Over the last two years, the federal government has initiated the creation of buffer stocks. This will give double benefits. The procurement will provide higher prices to growers. At the same time, the government can regulate the price by offloading the stock at a time when prices of bulbs soar.
[ Rs. 100 = €1.10 ]