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Government to create 2 lakh tonnes of onion buffer stock SECTIONS Share Synopsis The government has allocated Rs 2,700 crore in 2021-22 for the price stabilisation fund (psf) used to buy buffer stock of onion and pulses. This is 35% more than the budgetary allocation of 2020-21. According to the consumer affairs ministry, which tracks prices of food commodities, the price behaviour of onion has nothing to do with production. The government is planning to buy 2 lakh tonnes of onions for buffer stock in 2021-22 to prevent the price hike and ensure easy availability during festive season when supply is tight. “In 2019-20, we bought around 57,000 tonnes followed by around one lakh tonnes in 2020-21. In the next fiscal we will buy 2 lakh tonnes to prevent prices going up during festive season,” said consumer affairs secretary Leena Nandan.

Uttar pradeshSri lankaUttar pradesh mirzapurLeena nandanIndian council of agricultural researchIndian councilAgricultural researchMiddle eastOne district focus produceConsumer affairs ministryFestive seasonஉத்தர் பிரதேஷ்ஸ்ரீ லங்காஉத்தர் பிரதேஷ் மிர்ஜபூர்லீனா நந்தன்இந்தியன் சபை