Nafed

Nafed transports 840 tonne of buffer onion to Delhi to control price rise

The government on Wednesday said about 840 tonne of buffer onion arrived via rail at Delhi's Kishanganj railway station, as part of its multi-pronged strategy to control prices. This marks the second major rail delivery after 1,600 tonne reached Delhi on October 20 through 'Kanda Express', an official statement said. The shipment, procured by NAFED under the price stabilization fund, will primarily be released through Azadpur Mandi, with a portion earmarked for retail sale at Rs 35 per kg. Retail prices of onion are ruling at Rs 60-80 per kg in the national capital depending upon the quality and locality. In a first, the government has adopted rail transport for timely and cost-effective delivery of onions across regions. NAFED earlier transported 840 MT to Chennai on October 26, while another consignment of similar quantity departed from Nashik for Guwahati early Wednesday. The government had built a buffer of 4.7 lakh tonne during the rabi season and began releasing from Septem

Govt plans to procure 5 lakh tonnes of onions this year for buffer stock

The government is planning to procure 5 lakh tonnes of onions this year for its buffer stock that can be used to intervene in the market in case of a price rise, according to sources. The food and consumer affairs ministry had created 5 lakh tonnes of buffer stock last year, of which 1 lakh tonne is still available, they added. Agencies like NCCF and NAFED will procure onion on behalf of the government. Sources said that the government's decision to sell onions at a subsidised rate from its buffer stock has helped in controlling prices. The government will take a decision on lifting the ban on onion exports later this month. The ban is till March 31. The government's plan to create buffer stock comes amid an estimated fall in onion output in 2023-24. "Production of onion in 2023-24 is expected to be around 254.73 lakh tonnes compared to around 302.08 lakh tonnes last year due to a decrease of 34.31 lakh tonnes in Maharashtra, 9.95 lakh tonnes in Karnataka, 3.54 lakh tonnes in And

Opportunity lost

Farmers' rejection of govt scheme is disappointing

Govt to sell Bharat Rice at Rs 29 per kg in retail market from next week

The Centre on Friday said it will sell 'Bharat Rice' in the retail market at Rs 29 per kg from next week to give relief to the common man and has also directed traders to disclose rice/paddy stock, as part of its efforts to control prices that have risen by around 15 per cent in the last one year. In a press conference, Union Food Secretary Sanjeev Chopra exuded confidence that these two measures along with the various restrictions of exports will help in cooling down the prices. Seeking to dispel market rumours, he categorically said the government has no plans to lift restrictions on rice exports any time soon. The restrictions will continue until prices fall to a reasonable level. "The first priority for the government as of now is to ensure that rice prices are brought down," Chopra said, while asserting that prices of all essential food items are under control except rice. Prices of rice have risen by 14.5 per cent in retail and 15.5 per cent in the wholesale markets in the la

India will be self-sufficient in pulses by December 2027, says Amit Shah

Cooperation Minister launched a tur dal procurement portal for farmers to sell their produce better

HM Amit Shah launches tur dal procurement portal; Nafed, NCCF to buy

Cooperation Minister Amit Shah on Thursday inaugurated a tur dal procurement portal through which farmers can register and sell their produce to NAFED and NCCF at a minimum support price or market price. A similar facility will be launched in future for urad and masoor farmers as well as maize farmers, he said. The minister also transferred via Direct Benefit Transfer (DBT) about Rs 68 lakh to 25 farmers towards payment for sale of tur via the portal. Cooperative National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) and National Cooperative Consumers' Federation of India Limited (NCCF) undertake procurement of pulses on behalf of the government's in order to maintain a buffer stock. After the launch, the Minister said before the sowing operation, tur farmers can register on the portal to sell their produce to NAFED and NCCF at minimum support price (MSP). The registered tur farmers will have an option to sell to either NAFED/NCCF or open market, he said and a

Minister flags off 100 vans for sale of 'Bharat' Atta at Rs 27.50/kg

Bharat Atta will be distributed by NCCF, NAFED, physical outlets of Kendriya Bhandar and also be made available at other cooperative and retail stores

Maha CM to hold meet to find relief for onion farmers' woes: Mahajan

Maharashtra Chief Minister Eknath Shinde would soon hold a meeting so as to provide permanent relief to onion farmers, Rural Development Minister Girish Mahajan has said. Farmers in the district have been protesting the Union government's decision to hike the export duty on onions to 40 per cent, saying that it hinders exports and pushes the prices in the domestic markets down. Chief minister Shinde and deputy chief ministers Devendra Fadnavis and Ajit Pawar will hold a meeting soon to provide permanent relief to onion farmers. At present, 40 onion purchase centres of NAFED are operational in Nashik district and instructions have been given to increase the number by ten, Mahajan said on Friday night. He was speaking at a meeting with district collector Jalaj Sharma, district agriculture officer Vivek Sonawane, other officials and representatives of farmers and traders. The state government has announced a Rs 350 per quintal subsidy for onions. It will be distributed in two phases a

Tomatoes at Rs 40 per kg! Here is what Centre has asked NCCF, NAFED to do

Since July, both NCCF and NAFED have been selling tomatoes at a discounted rate on behalf of the consumer affairs ministry in Delhi-NCR, UP, Rajasthan and Bihar

NCCF, NAFED to sell tomatoes at Rs 50 per kg amid fall in wholesale rates

The Centre on Monday directed cooperatives NCCF and NAFED to sell tomatoes at a reduced rate of Rs 50 per kilogram from Tuesday in view of the decline in prices in the wholesale markets. Since July, both NCCF and NAFED have been selling tomatoes at a discounted rate on behalf of the consumer affairs ministry in Delhi-NCR, Uttar Pradesh, Rajasthan and Bihar to boost domestic availability and contain price rise. Initially, the ministry had asked the two cooperatives to sell tomatoes at a subsidised rate of Rs 90 per kg and later reduced the price to Rs 80 per kg. Further, the price was cut to Rs 70 per kg. "The latest reduction to Rs 50 per kg will further benefit the consumers," the ministry said in a statement. So far, a total of 15 lakh kg of tomatoes have been procured by the two cooperatives which are being continuously disposed of to the retail consumers in major consumption centres in the country. These locations include Delhi-NCR, Rajasthan (Jaipur, Kota), Uttar Pradesh ...

Centre reduces tomato prices to Rs 50 per kg from August 15 onwards

NCCF and NAFED have been directed to sell tomatoes at a retail price of Rs 50 per kg from August 15

Govt directs Nafed, NCCF to procure tomato from AP, Karnataka, Maharashtra

The Centre on Wednesday directed cooperatives Nafed and NCCF to procure tomatoes from Andhra Pradesh, Karnataka and Maharashtra for distribution in major consumption centres, where retail prices have recorded maximum increase in the last one month. The stocks of tomato will be distributed through retail outlets at discounted prices to the consumers in Delhi-NCR region from July 14, the Consumer Affairs Ministry said in a statement. Retail prices of tomatoes have soared up to Rs 200 per kg in several parts of the country due to supply disruption caused by heavy rains in the country. National Agricultural Cooperative Marketing Federation (NAFED) and National Cooperative Consumers Federation (NCCF) will undertake the procurement of tomatoes. According to the Ministry, the targeted centres for release of tomatoes have been identified on the basis of absolute increase in retail prices over the past one month in centres where prevailing prices are above the all-India average. Key ...

To end tomato price jumps, India needs more than stop-gap solutions

The government has said that the price rise is temporary and would cool down in 15-30 days

National Cooperative Society to have Rs 500 crore share capital

National Dairy Development Board (NDDB), Amul and NAFED will be among the five promoters of the newly announced national-level cooperative society for organic food products, which will focus on enhancing farmers' income by improving production, certification and marketing system. Last week, the Cabinet Committee on Economic Affairs (CCEA) approved a proposal to establish three new national-level multi-state cooperative societies to promote organic products, seeds and exports. A national-level cooperative organic society, a cooperative seed society and a cooperative export society will be registered under the Multi-State Cooperative Societies (MSCS) Act, 2002. According to sources, the National Cooperative Organic Society, to be based in Anand, Gujarat, will be set up with an authorised share capital of Rs 500 crore. It will have an initial paid-up share capital of Rs 100 crore, sources said. NDDB, co-operative NAFED, Gujarat Co-operative Milk Marketing Federation (GCMMF), which ...

Nafed buys 24,000 tonnes moong so far under price support scheme

The government has procured 24,000 tonnes of green gram (moong) under the Price Support Scheme (PSS) so far this crop year, according to a senior agriculture ministry official. PSS, which is under the Agriculture Ministry, is operationalised only when prices of agri-produce fall below the minimum support price (MSP). Cooperative Nafed is undertaking procurement on behalf of the central government. The ministry has approved procurement of 4,00,000 tonnes of kharif moong in 10 states including Karnataka, Tamil Nadu, Telangana, Chhattisgarh, Haryana, Uttar Pradesh, Gujarat, Odisha and Maharashtra. "So far 24,000 tonnes of moong has been procured, out of which maximum 18,000 to 19,000 tonnes has been procured in Karnataka alone," the ministry official told PTI. The ministry has also given approval for the procurement of 2,94,000 tonnes of urad and 14 lakh tonnes of groundnut crop grown in the 2022-23 Kharif season. However, the procurement couldn't take place as the mandi prices are .

Nafed offloads buffer onion of 20,000 tons in cities to contain prices

To check the sudden spike in onion prices, cooperative Nafed has offloaded 20,000 tonnes of the bulb from the government's reserves in the last three weeks across India, official sources said. Onion is being disposed of at the "going market rate" in major cities like Delhi, Patna, Lucknow, Chandigarh, Chennai and Hyderabad among others, sources said. Nafed has been creating a buffer stock of onion on behalf of the government under the Price Stabilisation Fund (PSF) for the last few years. For 2022-23, Nafed has built a record onion reserve of 2.50 lakh tonnes to deal with a potential spike in onion prices during the lean season that runs from August to December. According to sources, Nafed commenced the disposal of buffer onion on September 14 and has offloaded 20,000 tonnes till now. Onion procured in April and May is being offloaded at the "going market rate", the sources said. The stocks from the buffer will be released in a targeted and calibrated manner till December. Acco

Decoded: Why newly formed Ministry of Co-operation is raising many eyebrows

Questions abound if the freshly carved out ministry is for political heft or if it's a tool to fan Centre-state feud

Govt left with 25,000 tonnes of buffer onion stock, says Nafed's Chadha

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

Nafed procures 95,000 tonnes of onion from farmers to create buffer stock

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

SC's struggles with 'unruly horse' of public policy in foreign awards

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