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 […]
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 […]
Public sector trading firm MMTC, which has been tasked to import onion on behalf of the Centre to cool prices, has contracted to import 6,090 tonnes from Egypt, and the edible bulb will be supplied to states in a price range of Rs 52-60 per kg. Last week, the Union Cabinet decided to import 1.2 […]
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, […]
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 […]
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 […]
The government has fixed a minimum export price of $850 per tonne on onions in order to check exports and bring down spiralling prices in the local markets. “Export of all varieties of onions, as described above, will be allowed only on Letter of Credit subject to the MEP of $850 FOB per tonne till […]
The government of India has reaped in a bonanza of raising thousands of crores of rupees in liquid float in an added benefit of the gold monetisation scheme, which seeks to check import of the yellow metal into India and help prop up the country’s current account deficit. The state-run trading firm MMTC has auctioned […]
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 […]
The Indian government, which is battling hard to curb rising prices of pulses in the country, has decided to import additional tonnage of the commodity, a government statement said. It said members of its Price Stabilisation Fund had agreed to tender for 5,000 tonnes of chana and 2,500 tonnes of masoor. They also asked the […]
