SME Times News Bureau | 27 May, 2015
The government on
Tuesday said there was no quantitative restriction on the export of
potato.
According to the
Ministry of Agriculture, earlier minimum export prices (MEP) of $450
per tonne on potato was imposed from June 26, 2014 to augment
domestic supplies.
The ministry said
the earlier step was taken in view of the rising retail and wholesale
prices in the domestic markets.
"However, in
recent times, keeping in view the surplus supply of potato in the
domestic markets and consequent rapid fall in price (in domestic and
retail), MEP on export of potato was removed by the department of
commerce dated February 20, 2015," the ministry said in a
statement.
