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Onion prices soar, MMTC to import 10,000 tonnes

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  20 Aug 2015 12:00 AM GMT

New Delhi, Aug 19: In a bid to control onion prices, the Central government on Wednesday decided that the MMTC will import 10,000 tonnes of onion.

"In order to contain rise in prices of onion and ensure its increased availability, the government has decided that (state-run trading company) MMTC will float a global tender for import of 10,000 tonnes of onion shortly," the Agriculture ministry said.

Onion prices are on the rise due to mismatch in supply and demand.

In the tiol capital, the retail prices of onion have risen to Rs.60 per kg. A similar trend prevails in other parts of the country.

The prices are rising due to the fall in production and sluggish supply of stored onions, meant for meeting the demand during the lean period of July-September, the ministry said in a statement.

Total onion production is estimated to be less than 189 lakh tonnes in 2014-15 crop year (July-June), down from 194 lakh tonnes last year.

Maharashtra, Kartaka and Madhya Pradesh are the top three onion producing states.

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