"According to our estimate, 15 to 20% of the onions procured from farmers, kept in godowns, have rotten due to the moisture," MP State Cooperative Marketing Federation's general manager Yogesh Joshi said.
The long distance between purchase centres and godowns, which were as much as 250 km apart at some places, also contributed to the wastage due to rotting, he said.
Meanwhile, MPSCMF has re-issued tenders, which would close on July 13, to sell off the procured onion stock.
In the first round of bidding, 15 traders offered to purchase the stock for prices ranging from 60 paise per kg to 2.60 per kg. The government wanted higher prices.
After the onion prices crashed and in some places farmers threw away the produce, Chief Minister Shivraj Singh Chouhan on June 1 had announced procurement at Rs 6 per kg.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)