News Details

30 12 2019

The Onion - 2020

30/12/2019

Govt to create 1 lakh tons of onion buffer stock in 2020. The government had created a buffer stock of 56,000 tonnes for the current year but it was not sufficient to contain the prices which are still ruling above Rs 100 per kg in most cities across the country. As a result, the government was compelled to import through state-run MMTC. MMTC, which is importing on behalf of the government, has contracted about 45,000 tonnes of onion from Turkey, Afghanistan and Egypt.To prevent the repeat of this year's onion crisis, the Centre has decided to create a buffer stock of 1 lakh tonnes of the key kitchen staple in 2020

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