MMTC contracts 4,000 tonnes of onions in addition to the 17,090 tonnes already contracted

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India’s state trading arm, MMTC has further contracted 4,000 tonnes of Onions from Turkey which is expected to arrive by mid-January, 2020. This 4,000 tonnes is in addition to the 17,090 tonnes of onions already contracted which includes 6090 tonnes arriving from Egypt and 11,000 tonnes from Turkey. The Department of Consumer Affairs has also […]

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Govt extends stock holding limit on onion traders indefinitely to check price rise

With onion prices continuing to rise above Rs 100 per kg, the government of India has extended prohibitions on traders from the stocking of edible bulb across the country for an indefinite period to check price rise. Separately, Food and Consumer Affairs Minister Ram Vilas Paswan did not say by when prices of onion will […]

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India expects 1,000 tonnes of onion imports by the end of November 2019

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Private traders have placed orders for importing onions and at least 1,000 tonnes are expected by month end, which will help ease retail prices that is still ruling high at over Rs 60/kg, a senior government official said. The retail prices of onion had soared to Rs 100/kg a week back in the national capital, […]

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India’s MMTC extends tender offer to sell 6 per cent stake in ICEX till November 2019

State-owned MMTC has extended its tender offer to sell up to 6 per cent stake in the Reliance ADAG-anchored Indian Commodity Exchange (ICEX) for a fifth time till November 29, following a low response from investors. MMTC has been looking for investors since July to bring down its stake from the current 9.55 per cent […]

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India extends relaxed fumigation norms for onion imports till December 31, 2019

The Agriculture Ministry on Wednesday extended relaxed fumigation norms for imported onions up to December 31, in a bid to improve domestic supply and check prices that have skyrocketed up to Rs 100 per kg, PTI reports. On November 6 this year, the ministry had liberalised fumigation provisions under the Plant Quarantine (PQ) Order, 2003 […]

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World Gold Council and MMTC-PAMP launch India’s first ‘Precious Metals Assay and Training Institute’

The World Gold Council and MMTC-PAMP India Pvt. Ltd. have jointly launched the ‘Precious Metals Assay and Training Institute’ (PMATI) to develop a new generation of skilled assayers. The initiative is a world class training facility that will establish assaying as a certified qualification and career in India, and will directly enhance the integrity of gold […]

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