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Onion consignment of 12,500 tonnes from Turkey to arrive in India by December end

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State-owned trading firm MMTC will import an additional 12,500 tonnes (MT) of onions from Turkey on behalf of the government to control price and ensure availability in the domestic market, as the price of the vegetable item has gone up substantially.

Onion consignment of 12,500 tonnes from Turkey to arrive in India by December end
State-owned trading firm MMTC will import an additional 12,500 tonnes (MT) of onions from Turkey on behalf of the government to control price and ensure availability in the domestic market, as the price of the vegetable item has gone up substantially. Over the past few months, onion prices have been at an elevated level. According to several reports, onion price even crossed Rs 120 level in the retail market in various metro cities during the last couple of weeks.
The government has so far contracted 42,500 MT of onions, of which 12,000 MT will arrive in India before December 31, 2019, according to a statement from Ministry of Consumer Affairs, Food & Public Distribution. The latest contract of onions will begin arriving in India from Mid-January onwards, it said.
Imported onions will then be supplied to various states according to their respective demands. This is likely to immediately reduce the prices and improve overall availability, the statement.
This was directed by the Price Stabilisation Fund Management Committee (PSFMC) of the Department of Consumer Affairs to ease onion prices across India.
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