Business Reporter
AMID concern over likely fall in
mandi prices in view of extension
of onion export ban, the
Government on Tuesday assured
farmers that it will start procurement
of 5 lakh tonnes of rabi onion
in 2-3 days to protect their interest.
Last week, the commerce ministry
extended the ban on onion
export till further orders. The ban
on onion shipment was valid till
March31.“Wewanttoassurefarmers
that their concern will be taken
care of.We will begin procurement
of 5 lakh tonne of rabi (winter)
crop in the next 2-3 days for
maintaining a buffer stock,"
Consumer Affairs Secretary Rohit
Kumar Singh told reporters.
The onion export ban is affecting
traders and not farmers as
average mandi (wholesale) prices
are ruling currently at around Rs
13-15/kg in Maharasthra, which
is almost double from the previous
year level, he said.
“Even if prices crash, we will
protect the interest of farmers.The
government normally buys onion
for the buffer stock at a prevailing
mandi rates. However if the rates
fall below the cost of production,
the Government will ensure their
cost is covered at least,” he said.