Import of onions

Why is it in the news ?
  • The Central government has decided to import "substantial" quantity of onion from Dubai and other countries to augment the domestic availability.
More in the news
  • Purpose: To keep check on rising retail prices of onion which have skyrocketed up to Rs 100 per kg.
  • The National AgriculturalCooperative Marketing Federation of India (NAFED) had a 55,000 tonne buffer stock.
  • The continued high prices have resulted in this buffer dwindling to around 1,500 tonnes
  • The tight supply in the domestic market was cause mostly by late rains destroying the early kharif harvest and disrupting storage and transport, even as last season’s rabi stocks ran out. 
Source
The Hindu.
Posted by Jawwad Kazi on 9th Nov 2019
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