(Bloomberg) -- Explore what’s moving the global
economy in the new season of the Stephanomics podcast. Subscribe via Apple Podcast, Spotify or Pocket Cast.India will import 100,000 tons of onions, Food and Consumer Affairs Minister Ram Vilas Paswan said in a message on
Twitter on Saturday, in a bid to curb rising prices.State-owned trading firm MMTC Ltd. will import the onions so that they are available for distribution between Nov. 15 and Dec. 15, the minister said. State co-operative National Agricultural Cooperative Marketing Federation of
India Ltd. will supply them in the local market.The latest move by Prime Minister Narendra Modi’s administration is aimed at controlling prices of the kitchen staple that has contributed to bringing down past governments. A more than 200% surge in onion prices has pushed India’s September headline inflation rate to its highest level since July 2018 after heavy monsoon rains damaged crops and reduced supplies. The government has also banned onion exports and cracked down on hoarding.MMTC had floated two tenders to import onions earlier, slated to close this month, according to documents on the MMTC website.To contact the reporter on this story: Subhadip Sircar in Mumbai at ssircar3@bloomberg.netTo contact the editors responsible for this story: Tan Hwee Ann at hatan@bloomberg.net, Bhuma ShrivastavaFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.