Indian government completes disposal of 35,857 tons of imported onions

According to the Consumer Affairs Ministry, the Indian government has completed the disposal of 35,857 tons of onion, imported last year to check spiralling domestic prices.

To contain onion prices, in November 2019 the government decided to import 120,000 tons of onions through the MMTC. Since then, it purchased 35,857 tons 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 tons of imported onion has been sold to different states. Much of the onion (about 29,836 tons) was disposed of during February when there was an increase in off-take for the imported onions..

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 volumes were sold at auction. Agencies such as Mother Dairy, Kendriya Bhandar and NAFED were advised to retail imported onions to cool down their prices, the report added.

Source: economictimes.indiatimes.com


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