Govt to Procure 0.3 MT of Onion for Buffer in FY26

The government has set a target of procuring 0.3 million tonne (MT) of onion from the farmers at market prices in the current fiscal for creating a buffer under the price stabilisation fund (PSF).

- SANDIP DAS

This target for the volume of purchase this fiscal is lower than 0.47 MT of the onion purchased from farmers in FY25 for building buffer, which would be offloaded in the market when prices started to spike in festive seasons.

Sources told FE the government agencies—farmers cooperative Nafed and NCCF—who had purchased onion at an average price of ₹29/kg in FY25 from farmers for the buffer, are expected to purchase 0.15 MT of the key vegetable each at significantly lower market prices this fiscal.