MMTC has contracted an additional 12,500 MT of Onions from Turkeyas directed by the Price Stabilisation Fund Management Committee (PSFMC) of the Department of Consumer Affairs. The latest contract of Onions will begin arriving in India from Mid-January onwards. With this additional 12,500 MT, the total contracted Onions so far for imports have gone upto 42,500 MT.
A bulk of the contracted Onions to the tune of approximately 12,000 MT will arrive in India before 31st December, 2019 which will then be supplied to various States in line with their respective demand. This is likely to immediately reduce the prices and improve overall availability.