Neighboring India to continue exporting onions to Maldives despite the country’s bid to curb the “severe” onion shortage in India which has resulted in skyrocketing prices.
The Indian Embassy in Maldives confirmed that Maldives has nothing to worry about in regards to scarcity of the product, writing a Twitter post which reads that India will continue onion exporting in spite of its decision to import 100,000 tons to meet the “severe onion shortages in India and spiralling prices”
India’s Consumer Affairs, Food and Public Distribution Minister Ram Vilas Paswan revealed the decision on Saturday.
Foreign news outlets reveal that India’s foreign trade enterprise exporter, state-run Metals and Minerals Trading Corporation (MMTC) will be importing onions for distribution between 15 November to 15 December, after which the National Agricultural Cooperative Marketing Federation will supply them to the local market.
Further, it was revealed that heavy monsoon rains in India which damaged crops and limited supplies resulted in the upsurge of the inflation rate, recorded at the highest in September, since July 2018.
The government of India has further banned the export of onions, as well as hoarding.
Trade statistics show that the country supplied onions over 2.2 billion to foreign countries.