Nafed and NCCF sold 900 tonnes of onions worth ₹1.9 million in two days through e-NAM

Officials say the National Agricultural Cooperative Marketing Federation of India (Nafed) and the National Consumer Cooperative  Federation (NCCF)  sold over 900 tonnes of onions through the online platform e-NAM on August 30 and 31. The sale of 900 tonnes  includes 152 tonnes traded between states. The sale of onions through the e-NAM platform was the government’s quick response to protests by traders in some mandis in Maharashtra who stopped auctions in protest against the 40% export duty imposed on onions. 

In response, the government directed  Nafed and NCCF to explore other options for releasing  surplus onion stocks.  sales target   “The aim is to provide an alternative disposal route  as any disruption in supply at any  time could have a negative impact on our price control efforts,” said a government official who sells onions from warehouse regulators.   Nafed, which started selling through e-NAM, managed to sell 5.08.11 MT in a single state after physical inventory collection at Lasalgaon, Maharashtra, while the National Consumer Cooperative Federation (NCCF) leveraged both intra-state and inter-state transactions. Both  agencies hope to increase their sales through e-NAM as more dealers access the platform during auctions, citing quality and logistics issues. The government has already simplified the logistics value chain for agricultural trade on the e-NAM portal, allowing buyers  to arrange physical transportation of goods.  

Quality control

   NCCF sources said that 152.5 tonnes were sold through e-NAM in inter-state trade, 61 tonnes  in Punjab and the remaining quantity in Dhanbad as the buyers had quality assurance as they had booked the sale online while the onion was in Dhanbad. The average execution by the NCCF through e-NAM for inter-state transactions was over ₹2,200 per quintal while for intra-state auctions it was around ₹1,975. On the other hand, the average proceeds of Nafed (all domestic auctions) were around ₹2,155, according to sources. “It all depends on the market price prevailing  on the day of auction in the concerned mandi where the buyer is located. Since these agencies conduct auctions at  select locations where arrivals are less or prices are higher,  selling prices also vary accordingly”. 

Leave a Reply

Your email address will not be published. Required fields are marked *