Trade/Markets/Prices

India: Govt removes minimum export price of potato

The government on Tuesday removed the minimum export price (MEP) of potato, which was imposed in July, in an effort to boost the shipment of more potatoes. “Export of potatoes, fresh or chilled, should be permitted for exports without any MEP,” the Directorate General of Foreign Trade (DGFT) said in a notification. In July, the government had imposed MEP of $360 (abour 24,000) per tonne on potato to increase domestic availability. Although India was the world’s second largest potato producer at 48 million tonnes (mt) in 2014-15, its exports were less than one per cent of the output. (Source: Business Standard)

Editor & Publisher: Lukie Pieterse


Feel free to get in touch with Lukie!
He’ll be happy to share your company’s news stories on Potato News Today:
lukie@potatonewstoday.com
Connect on LinkedIn
Follow on Twitter
About us

LOCKWOOD Mfg

PULSEMASTER

FPS Food Process Solutions

GRIMME

UK Online Potato Equipment Auction

AVR

FAM STUMABO

VOLM COMPANIES

RESTRAIN

Scotts Precision Manufacturing