date:May 31, 2016
The Indian government has exceeded its target of buying 15,000 tonnes of onion for buffer stock and has procured 20,000 tonnes to be used in case of price increases in the lean season.
Onion production is estimated to have increased to 20.33 million tonnes in 2015-16 from 18.92 million tonnes in the previous year, as per government data. Last year, the government procured 8,000 tonnes of onion but after the retail prices had gone through the roof to about Rs 80-90/kg.
The government, ho