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Govt removes minimum export price of potato

Govt removes minimum export price of potato
30 December 2016 Current Affairs: The government has removed the minimum export price (MEP) of potato, which was imposed in July, to boost shipments of the kitchen staple.

Export of potatoes, fresh or chilled, should be permitted for exports without any MEP.

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 potato in financial year 2015-16, which was lower than 0.30 mt in the previous year.


March 2017 Current affairs
29 MAR
NEWS
28 MAR
NEWS
27 MAR
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25 MAR
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24 MAR
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23 MAR
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February 2017 Current affairs
28 FEB
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27 FEB
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25 FEB
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24 FEB
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23 FEB
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22 FEB
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January 2017 Current affairs
31 JAN
NEWS
30 JAN
NEWS
28 JAN
NEWS
27 JAN
NEWS
25 JAN
NEWS
24 JAN
NEWS

December 2016 Current affairs
31 DEC
NEWS
30 DEC
NEWS
29 DEC
NEWS
28 DEC
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27 DEC
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26 DEC
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November 2016 Current affairs
30 NOV
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29 NOV
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28 NOV
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26 NOV
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25 NOV
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24 NOV
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