The Govt has accomplished the disposal of 35,857 tonne of onion, imported by condition-owned MMTC in 2019 to check spiralling domestic costs, according to the Consumer Affairs Ministry.
To comprise onion costs, the governing administration experienced in November 2019 determined to import one.two lakh tonnes of onion by way of MMTC. Due to the fact then, it bought 35,857 tonne of onion from the abroad sector under the Value Stabilisation Fund (PSF).
In its most up-to-date report, the ministry reported it has accomplished the disposal of imported onions by the end of March. Complete of 35,857 tonne of imported onion has been marketed to various states.
A great deal of the onion (about 29,836 tonne) was disposed of during February when there was an maximize in offtake for the imported onions, it reported.
Imported onions had been dispatched to states this kind of as Andhra Pradesh, Kerala, Telangana, Chandigarh, Uttar Pradesh, Assam, Uttrakhand, Himachal Pradesh, West Bengal, and Goa among the many others.
Some quantity of onion was marketed by way of auction. Organizations this kind of as Mom Dairy, Kendriya Bhandar and NAFED had been encouraged to retail imported onions to awesome down their costs, the report included.
The governing administration was compelled to import onions in a bid to comprise costs that experienced touched the peak of Rs 160/kg in 2nd 50 % of 2019. The problems in the kharif onion crop thanks to late monsoon rains and later extra rainfall experienced led to provide constraint and sharp rise in costs.