Currently, Nafed is offloading onion buffer stock in the market to boost domestic availability and check onion prices which surpassed Rs 75 per kg in some parts of the country in the last few weeks
Last year, Nafed had purchased a total of 57,000 tonnes of onion from the 2018-19 Rabi (winter) crop under the Price Stabilisation Fund
The Nafed-Alimenta judgment shows it might perhaps be time for Parliament to intervene and clarify the notion of public policy in the context of foreign arbitral awards
As the next crop is soon expected to reach the markets if the NAFED doesn't purchase their onions on time the prices of onion will fall more, said Ajit Pawar
Legal consequences of the coronavirus-triggered lockdown have apparently been dealt with differently by high courts, and the Supreme Court is yet to grapple with them in an appeal
. According to the second government estimate, the country is set to harvest a record wheat production of 106.21 million tonne in the 2019-20 crop year on the back of good rains
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Meanwhile, the government has decided to offload 5 lakh tonne pulses from its buffer stock to both state governments as well as in the open market.
The latest contract of onions will begin arriving in India from mid-January onwards
While MMTC has been tasked to import onions, cooperative Nafed will supply the key kitchen items in the domestic market
The tender closes on Dec. 3 with offers having to remain valid up to Dec. 24.
Scenario is precarious for urad with almost half the crop damaged in major growing states, tur quota of 400,000 tonnes already exhausted
Earlier today, the Union Minister held a meeting with Consumer Affairs Secretary AK Srivastava and Food Secretary Ravikant over the rising onion prices and the onion import issue.
The meeting was informed that there have been some disruptions in the supplies because of Diwali holidays and rains in some of the growing areas affecting harvesting
Earlier this week, the Centre had taken several decisions to curb the rise in onion prices
The produce is trading at Rs 3,500-3,700 a quintal in the ongoing rabi season across all wholesale mandis, which is around 15-20 per cent discount to MSP of Rs 4,200
The agency has announced closure of procurement of groundnut early this week in most mandis due to lack of arrivals
The pulses being allocated to the states are the one which have been procured directly from farmers under the Price Support Scheme
Nafed chief said each unit will have a capacity to process at least 100-300 tonne agri-waste, from which one-tenth of the CNG will be produced
In view of fall in prices of pulses and oilseeds below the MSP, the provision of government guarantee will help in protecting the farmers from making distress sales during the peak arrival period