The Government of India will procure onions at the rate of Rs 12.35 per kg from farmers, Union Agriculture Minister Shivraj Singh Chouhan made the announcement on Friday, in the backdrop of the falling prices of the bulb.
He made the announcement while speaking at an event in Satara in Maharashtra, a major onion-producing state, in the presence of Chief Minister Devendra Fadnavis.
Chouhan said onion exports have been affected due to the ongoing crisis in West Asia, triggered by the joint US-Israeli airstrikes on Iran on February 28.
The Union minister stated that he discussed the onion price crisis with Fadnavis.
"As onion exports have been affected due to the West Asian crisis, onion prices have fallen. I would like to announce that, with effect from today (Friday), the procurement price for fresh onions will be Rs 12.35 per kg. We will procure the entire stock and support onion growers," he said.
Directives in this regard have been issued to the National Agricultural Cooperative Marketing Federation of India (NAFED), Chouhan added.
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