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NAFED to import onions
Why is it in news?
- The National Agricultural Cooperative Marketing Federation of India (NAFED) is expected to begin importing onions in a bid to tame soaring prices.
Details:
- The government is currently facilitating import of onions by private traders.
- Around 7,000 tonnes of the bulb already having arrived in the country. Another 25,000 tonnes expected to arrive before Deepavali.
About NAFED:
- It is an apex organization of marketing cooperatives for agricultural produce in India.
- It was established on the day of Gandhi Jayanti on 2nd October 1958.
- It is registered under the Multi State Co-operative Societies Act.
- Objective: To promote Co-operative marketing of Agricultural Produce to benefit the farmers.
- Agricultural farmers are the main members of Nafed, who have the authority to say in the form of members of the General Body in the working of Nafed.