GoI imposes $450/tonne MEP on potato exports
June 26, 2014
New Delhi, 26 June, 2014
As part of efforts to rein in food prices and increase domestic availability, the government today imposed a minimum export price (MEP) of $450 (about Rs.27,000) per tonne on potatoes. The government had earlier imposed export curbs in form of higher MEP on onion slapping MEP of $300 per tonne on 17 June.
Prices of potatoes have risen to about Rs.25-30 per kg in the national capital.Rising prices of essential food items such as vegetables, fruits and cereals pushed up wholesale price index (WPI) based inflation to a five-month high of 6.01% in May.
The Directorate General of Foreign Trade (DGFT) in a notification said that “export of potatoes is permitted subject to MEP of $450 per tonne with immediate effect”.
Recent Stories
- Diwali Food Safety Drive: AMC Seals Two Units, Fines Four Outlets ₹40,000
- HDFC Bank Gets Govt Nod to Offer Deposits Under Capital Gains Accounts Scheme
- GSSSB Announces Recruitment for 1,237 Class-3 Posts; Applications Open on November 5
- AMC to Hike Parking Fees; Proposed New Rates Here
- Mumbai Mayor Ritu Tawde Meets Gujarat CM Bhupendra Patel
- Holiday Inn Resort to Come Up in Sasan Gir