MMTC has placed an order of 11,000 tonnes of edible bulb from Turkey as part of its efforts to boost domestic supply and ease soaring prices. This is the second import order placed by the company. The company is already importing 6,090 tonnes from Egypt.
Last month, the Union Cabinet approved importing 1.2 lakh tonnes of onion to improve the domestic supply and control prices that have skyrocketed to Rs 75-120 per kg across major cities now. The Centre has already banned exports and imposed stockholding limit on wholesalers and retailers for indefinite period. MMTC has contracted 11,000 tonnes of onion imports from Turkey and the consignments are expected in January next year.
MMTC is engaged in the business of metals, fertilizers, agro products, precious metal, mineral & ores, hydro - carbon. It’s the largest non-oil importer in India.
