India scraps minimum potato export price
“Export of potatoes, fresh or chilled, should be permitted for exports without any MEP,” 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 and cool prices.
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.
India exported 0.18 mt of potatoes in financial year 2015-16, which was lower than 0.30 mt in the previous year.
source: business-standard.com
