Advertisement
Sunday, Oct 02, 2022
Outlook.com
Outlook.com

MMTC To Import 2,000 Tonnes Onion To Check Prices

MMTC To Import 2,000 Tonnes Onion To Check Prices
| File Photo
MMTC To Import 2,000 Tonnes Onion To Check Prices
outlookindia.com
2017-11-22T16:42:20+05:30

State-run MMTC will import 2,000 tonnes of onion, while Nafed and SFAC will buy 12,000 tonnes locally in order to boost supplies and check prices, Food and Consumer Affairs Minister Ram Vilas Paswan said today.

He said that his ministry has again written to the commerce ministry to reimpose export floor price of USD 700 per tonne on onion to discourage outbound shipments.

Onion prices in most retail markets have skyrocketed to Rs 50-65 per kg due to tight supply.

"We have asked Nafed (National Agricultural Cooperative Marketing Federation of India) to procure 10,000 tonnes and SFAC (Small Farmers Agriculture-business Consortium) about 2,000 tonnes directly from farmers and sell in consuming areas. We have also asked the MMTC to import 2,000 tonnes," Paswan told reporters.

Onion prices have been under pressure since August, but they have now touched high level that the government is trying all means to improve the availability and control prices.

While the private traders have imported 11,400 tonnes in the last few months, now the government agency MMTC will soon float tenders to import 2,000 tonnes in two tranches.

To discourage exports, Paswan said that he has recommended the commerce ministry to reimpose minimum export price (MEP) on onion, which was scrapped in December 2015.

Meanwhile, the commerce ministry is mulling over imposing MEP of USD 700-800 a tonne. It has already taken the opinion of exporters and other stakeholders on the matter.

The country has resorted to import of onion as the old crop has got exhausted and the new kharif crop, which is being harvested, is expected to be lower.

The new kharif crop is likely to be lower by 10 per cent as area sown is less by 30 per cent. The production assessment will be known once the harvesting completes, a senior consumer affairs ministry official said.

It may be noted that 40 per cent of the country's total onion crop is produced in the kharif season, and the rest during the rabi season. The kharif crop, however, cannot be stored.

Maharashtra, Karnataka, Madhya Pradesh, Bihar and Gujarat are major onion-producing states.

(PTI)

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement