Centre to sell onions at Rs 35 per kg in Delhi-NCR from Wednesday
GS3Economy · S&T · Environment · Security· MSP, procurement, PDS & food security· Prelims·
Why in news
The Centre isintervening in the onion market byselling onions at a subsidized rate of Rs 35 per kg in Delhi-NCR tocurb a 59% year-on-year price hike.
Background
The National Cooperative Consumers Federation of India Ltd (NCCF) will distribute onions through 10 retail outlets and 105 Bharat Brand stores. Supplies are being transported from Nashik, Maharashtra, via special 'Kanda Express' trains to stabilize prices in five initial cities: Chennai, Madurai, Delhi, Ernakulam, and Guwahati.
Facts for Prelims
- BodyNCCF: National Cooperative Consumers Federation of India Ltd is a multi-state cooperative federation.
- FactOnion retail prices in Delhi-NCR are being capped at Rs 35 per kg via government intervention.
- FactAll-India average retail price of onion rose by 59% year-on-year as of August 2024.
- PlaceNashik, Maharashtra is a major hub for onion production and supply.
For Mains
Q. Discuss the role of buffer stocks and government intervention in ensuring food security and price stability in the Indian agricultural market.
Dimensions to cover in your answer
- Price volatility in perishables
- Role of NCCF and buffer stocks
- Logistics and supply chain efficiency
- Way forward: Strengthening cold chain infrastructure
Keywords: Price Stabilization · Buffer Stock · Food Security · Supply Chain Management · Market Intervention
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