In a significant development for India’s agricultural sector, the National Agricultural Cooperative Marketing Federation of India Ltd (NAFED) has achieved a remarkable milestone in its procurement efforts. As of June 13th, 2023, NAFED’s total procurement stands at a staggering 7,94,633.92 metric tonnes (MT), valued at Rs. 4,330.75 Crores.
The procurement breakdown reveals the extensive reach of NAFED’s operations across multiple states in the country. Leading the list is Gujarat, from where NAFED has sourced 72,627.07 MT of agricultural produce. Haryana follows closely, with a significant procurement of 3,47,105.00 MT. Rajasthan contributes 1,92,531.22 MT to NAFED’s procurement, while Madhya Pradesh stands at 1,67,591.09 MT. Lastly, Uttar Pradesh has supplied 14,736.45 MT of agricultural produce to NAFED.
These impressive figures not only demonstrate the widespread agricultural activities in these states but also highlight the vital role played by NAFED in ensuring fair prices for farmers and maintaining stability in the agricultural market. NAFED’s procurement initiatives have been instrumental in promoting farmers’ welfare, supporting their livelihoods, and strengthening the agricultural economy of the country.
The cumulative value of Rs. 4,330.75 Crores reflects the economic significance of NAFED’s procurement operations. By procuring such large quantities of agricultural produce, NAFED has not only provided income security to farmers but also contributed to the overall growth of the agricultural sector.
NAFED’s efficient and strategic procurement methods, coupled with its extensive network and collaborations with various stakeholders, have facilitated the smooth acquisition of such substantial quantities of agricultural produce. The cooperative’s commitment to ensuring fair prices, reducing market risks for farmers, and maintaining food security for the nation has been commendable.
The procurement achievement of over 7,94,000 metric tonnes showcases NAFED’s dedication to supporting the agriculture sector and its tireless efforts to connect farmers with markets across the country. It further reinforces NAFED’s position as a pivotal force in the agricultural landscape, empowering farmers and promoting sustainable growth.
As the agricultural sector continues to play a crucial role in India’s economy, NAFED’s remarkable procurement numbers underline the cooperative’s commitment to farmers and its contribution to the nation’s agricultural prosperity. With such impressive figures, NAFED is well-positioned to build upon its success and further strengthen the agricultural ecosystem in the country.