Govt hikes onion procurement price 13% to Rs 2,125/quintal as buffer stocking lags
NAFED and NCCF face sluggish buffer procurement, prompting the Department of Consumer Affairs to raise the onion procurement price 13% to Rs 2,125/quintal from Rs 1,875. Retail onion prices climbed 19% in a month to Rs 31.21/kg, pressuring India's grocery category costs ahead of the October buffer release.
Govt raised onion procurement price 13% to Rs 2125/quintal under PSF to boost sluggish buffer stocking. Retail onion prices rose 19% in a month to Rs 31.21/kg, affecting grocery category pricing ahead of October release.
Why this matters
The hike follows NAFED's emergency onion procurement at Rs 12.35/kg during the earlier glut and its Nafex.in digital auction launch, signaling a swing from oversupply intervention to buffer-building as retail prices climb.
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