Centre increases onion purchase rate to ₹2,125/quintal in Maharashtra, marks third hike this fiscal
The central government has increased the onion procurement rate in Maharashtra by 13%, moving it from ₹1,875 to ₹2,125 per quintal under the Price Stabilisation Fund. This marks the third time the rate has been raised during the current financial year to address slow procurement. Authorities believe that by aligning the procurement price with current market rates of approximately ₹2,100 per quintal, more farmers will be motivated to contribute to the buffer stock.
by shortkt.com✓