Trade/Markets/Prices

Indian potato minimum export price scrapped as domestic prices stabilize

The Indian government has relaxed the minimum export price (MEP) on potatoes that was initially introduced last June to stabilize domestic supply and contain inflation. Eight months later the availability of the country’s staple vegetable has increased and domestic prices eased. On June 26, 2014, an MEP of US$450 per metric ton (MT) was introduced as prices had increased by around US$0.37-0.50 per kg (2.2lbs) across several states and in the nation’s capital. The removal of the MEP came into effect on Feb. 19, 2015.

Source: www.freshfruitportal.com

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