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Government agency to import onions to moderate prices

IANS | New Delhi |

The Consumer Affairs Ministry-led Price Stabilisation Fund Management Committee (PSFMC) on Thursday decided that onions will be imported through a government agency to augment their availability in the market to moderate prices.

The committee, which is headed by the Consumer Affairs Secretary, also decided that the National Agricultural Cooperative Marketing Federation (NAFED) and the Small Farmers’ Agribusiness Consortium (SFAC) would procure 10,000 tonnes and 2,000 tonnes of onions, respectively, from the producing areas including Delhi, said a statement.

They will supply the onions to the consuming areas to enhance its availability and to help moderate prices, the statement said.