date:Oct 11, 2019
The central Indian government has decided to import onions to meet the shortfall in domestic supply after curbs on exports and countrywide stock limits failed to bring down the prices. State-owned trading company MMTC Ltd has issued a tender seeking bids to import 2,000 tons of onions by October end with a price cap of $352 per ton.
This comes against the backdrop of onion prices touching ₹80 per kg (1.02) in some parts of the country because of supply disruption after floods in states such as