Minimum Export Price (MEP) of US$ 450 Per tonneon Potato stands withdrawn
With a view to check the rising prices of potato and augment domestic supplies, the Ministry of Commerce & Industry had decided to impose Minimum Export Price (MEP) of US$ 450 Per tonne FOB with effect from 26 June 2014.However, keeping in view of the prevailing lower prices and higher domestic availability of potato, the Government has decided to remove the MEP on export of potato. The removal of existing MEP on potato will help farmers in realising better and remunerative prices and would also help the exporters in earning valuable foreign exchange for the country through exports.
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