Wait...
  1. Home >
  2. Export Import News >
  3. Import Duty >
  4. Govt completes disposal of 35,857 tonnes of imported onions

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Govt completes disposal of 35,857 tonnes of imported onions


Date: 25-04-2020
Subject: Govt completes disposal of 35,857 tonnes of imported onions
The government has completed the disposal of 35,857 tonne of onion, imported by state-owned MMTC in 2019 to check spiralling domestic prices, according to the Consumer Affairs Ministry.

To contain onion prices, the government had in November 2019 decided to import 1.2 lakh tonnes of onion through MMTC. Since then, it purchased 35,857 tonne of onion from the overseas market under the Price Stabilisation Fund (PSF).

In its latest report, the ministry said it has completed the disposal of imported onions by the end of March. Total of 35,857 tonne of imported onion has been sold to different states.

Much of the onion (about 29,836 tonne) was disposed of during February when there was an increase in off take for the imported onions, it said.

Imported onions were dispatched to states such as Andhra Pradesh, Kerala, Telangana, Chandigarh, Uttar Pradesh, Assam, Uttrakhand, Himachal Pradesh, West Bengal, and Goa among others.

Some quantity of onion was sold through auction. Agencies such as Mother Dairy, Kendriya Bhandar and NAFED were advised to retail imported onions to cool down their prices, the report added.

The government was forced to import onions in a bid to contain prices that had touched the peak of Rs 160/kg in second half of 2019. The damage in the kharif onion crop due to late monsoon rains and later excess rainfall had led to supply constraint and sharp rise in prices.

Source:- moneycontrol.com

Infodrive India Pvt Ltd

Delhi :
  F-19, Pocket F, Okhla Phase-I
      Okhla Industrial Area

      New Delhi- 110020
   011 - 40703001

Kolkata :
  5th Floor Stesalit Towers,
      E-2-3, EP & GP Block,

      Sector-V, Salt Lake City,
      Kolkata-700 091
   033 - 71177191

INFODRIVE INDIA Copyright © 1996-2020 InfodriveIndia. All Rights Reserved.
Please read our Terms of Use and Privacy Policy before you use.

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+