Govt allows State run agencies to import Onion

Posted by Daily Shipping Times on 13-11-2017        Tweet

NEW DELHI: With high ruling prices of onion, the Government has allowed state-owned agencies like MMTC to import the staple to boost domestic supply.

A decision in this regard was taken at a meeting of the Price Stabilisation Fund Management Committee, headed by Consumer Affairs Secretary Avinash K Srivastava.

"In the meeting, the decision was taken to import onions through Government agencies to augment the availability of onions in the market and moderate prices," Srivastava said in a statement.

That apart, cooperative Nafed and Small Farmers' Agriculture-Business Consortium (SFAC) have been asked to procure 10,000 tonnes and 2,000 tonnes, respectively, from the producing areas and supply it to the markets, he said.

"This will help enhance the availability of onion and moderate prices," he added.

The import quantity has not been decided yet. MMTC will issue tenders. The crop could be sourced from countries like Egypt and China, a senior official told.

So far, the Consumer Affairs Ministry has been facilitating onion imports through private traders, who have purchased 11,400 tonnes from the overseas market.