National Capital owned Metals and Minerals Trading Corporation of India (MMTC) has floated a global tender for import of 2,000 tonnes of Onions, aimed at boosting the local availability and curbing prices, which at present are ruling as high as Rs 80 per kg in some states.
Onion prices have skyrocketed in most parts of the country owing to supply constraints following a likely drop in the 2017-18 kharif output.
The government has taken several steps to boost Onion availability, including restrictions on exports and stock holding limits on local traders to check hoarding.
Cooperative Nafed has started procuring Onions directly from farmers for distribution in consuming areas. It has been asked to buy about 10,000 tonnes of onions.
Another agency SFAC has been directed to buy 2,000 tonnes of onions, which will start soon.
Onion prices have skyrocketed in most parts of the country owing to supply constraints following a likely drop in the 2017-18 kharif output.
The government has taken several steps to boost Onion availability, including restrictions on exports and stock holding limits on local traders to check hoarding.
Cooperative Nafed has started procuring Onions directly from farmers for distribution in consuming areas. It has been asked to buy about 10,000 tonnes of onions.
Another agency SFAC has been directed to buy 2,000 tonnes of onions, which will start soon.
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