Total Quantity Of Onions Import Reaches Approximately 30000 MT
Capital MarketThe Union Government has contracted an additional 12,660 MT of Onions which shall begin arriving in India from 27th December, 2019 onwards. With this additional quantity, the total quantity of imports that have been contracted so far reaches approximately 30,000 MT. 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). Earlier, on 9th December, 2019, Union Government had further revised the Stock holding limits on retailers from 5 MT to 2 MT. The Stock Limits were only revised for retailers &it was kept unchanged for wholesalers at 25 MT. Importers continue to remain exempted from these stock limits for imported onions.
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