Government Increases Onion Procurement Price to ₹16.5 per kg Starting June 13 to Support Farmers

The Price Stabilisation Fund (PSF) is responsible for maintaining buffer stocks annually, aimed at enabling market interventions to control price volatility. For the current fiscal year, the government has established a procurement target of 200,000 tonnes, a reduction from the 300,000 tonnes target set for the 2025-26 period.

This adjustment in procurement strategy reflects ongoing assessments of market conditions, commodity prices, and supply chain dynamics. The PSF plays a crucial role in securing essential commodities, ensuring food security, and stabilizing prices for consumers and producers alike. The governments procurement targets are influenced by various factors, including crop yield forecasts, market demand, and overall economic conditions.