PSFMC decides to import onions through government agency
The National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) is an apex organization of marketing cooperatives for agricultural produce in India. Its headquarters is located in New Delhi. Recently, it is in news because Consumer Affairs Ministry led-Price Stabilization Fund Management Committee (PSFMC) has decided to import onions through government agency to augment the availability of onions in market and moderate prices in New Delhi.
In it, Consumer Affairs Secretary Avinash Srivastava stated that NAFED will procure 10 thousand tonnes and the Small Farmers’ Agribusiness Consortium (SFAC) two thousand tonne of onions from producing areas and supply it to consuming areas to enhance its availability.