National Agricultural Cooperative Marketing Federation of India, Objectives, News

The National Agricultural Cooperative Marketing Federation of India (NAFED) stands as a pivotal institution in the country's agricultural landscape. Established on 2 October 1958, NAFED serves as the apex body for marketing cooperatives, aiming to bolster the trade of agricultural produce. Its founding marked a significant step towards empowering farmers by ensuring fair prices and facilitating efficient distribution channels, thereby enhancing their economic stability. NAFED's objectives are multifaceted, focusing on promoting cooperative marketing, warehousing, and processing of agricultural goods. By coordinating with various stakeholders, it seeks to streamline supply chains and mitigate price volatility, thereby safeguarding farmers' interests. The organization also plays a crucial role in implementing government schemes aimed at boosting agricultural productivity and sustainability, thereby contributing to the nation's food security. In recent news, NAFED has been actively involved in procurement operations to stabilize prices of essential commodities. Through strategic interventions, such as buffer stock management and market intervention schemes, the organization is working to protect both farmers and consumers from market fluctuations. As India continues to navigate the complexities of agricultural trade, NAFED's efforts remain central to promoting a resilient and equitable agricultural sector.

— Authored by Next24 Live