Govt hikes onion procurement price by 24%: Know how much farmers will get now | Business
New Delhi: The government has increased the onion procurement price under its buffer stock programme by 24.4 per cent to Rs 15.80 per kg, up from Rs 12.70 per kg, citing prevailing market conditions and the need to safeguard farmers' interests. Additional Secretary, Ministry of Food and Consumer Affairs, Anupam Mishra, at an inter-ministerial briefing on Monday, said, "We increased the procurement price of onion to Rs 15.80 per kg from Rs 12.70 per kg."ย Procurement of onions for the current season commenced on May 15, and the revised prices were officially notified on May 22. Buffer stocks are maintained…