February 19, 2015 9:47 PM

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Govt to remove minimum export price on potato<br/>

The Government has decided to remove the minimum export price of 450 dollars per tonne on the export of potato in view of the prevailing lower prices and higher domestic availability of potato. The removal of existing MEP on potato will help farmers in realising better and remunerative prices. It will also help the exporters in earning valuable foreign exchange for the country through exports. Last year, Commerce and Industry Ministry had imposed MEP of 450 US dollars per tonne on potato to check its rising prices and augment domestic supplies.

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