The State Trading Organization announced it will import and sell onions to wholesalers at controlled rates to stabilise Maldivian onion prices, which rose to MVR 800-900 per sack in December. An initial shipment of 4,500 sacks has been released to traders on condition they sell below MVR 20 per kilogram, and STO said it will keep supplying onions until the shortage is resolved.
Tracked MVR 400 Food prices
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
The initial shipment of imported onions has now been released to traders, and STO's aim is to stabilise the price
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prices peaking in October at MVR 400 per sack
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prices in December now varying between MVR 800 and 900 per sack
Word for word from the report in Maldives Republic. Open the report
An initial shipment of 4,500 sacks has already been imported and will be sold to the public via local traders, the statement said.
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"The initial shipment of imported onions has now been released to traders, and STO's aim is to stabilise the price," the company said.
Word for word from the report in Maldives Republic. Open the report