To Arrest Soaring Onion Prices, GoI Contracts 12,660 More Metric Tonnes

NEW DELHI || Facing all-round flak over soaring onion prices across the country, the Government of India has contracted an additional 12,660 metric tonnes of Onions, an official said on Friday. They shall begin arriving in India from December 27 onwards, it was further informed.

With this additional quantity, the total quantity of imports that have been contracted so far reaches approximately 30,000 metric tonnes. The Department of Consumer Affairs has also directed MMTC to issue fresh tenders for additional 15,000 MT of Onions (three new tenders of 5000 MT each) on Thursday.

Earlier, on December 9, the Union Government had further revised the Stockholding limits on retailers from 5 MT to 2 MT. The Stock Limits were only revised for retailers and it was kept unchanged for wholesalers at 25 MT. Importers continue to remain exempted from these stock limits for imported onions.

The Union Minister of Consumer Affairs, Food and Public Distribution Ram Vilas Paswan had also written a letter to all Chief Ministers asking them to carry out immediate anti-hoarding operations to ensure the supplies in the markets are augmented and stock holding limits are strictly enforced.

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