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Saturday, April 13, 2024
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Restriction on export of potato removed

NEW DELHI: At present, export of potato is free without any quantitative restrictions. Earlier Minimum Export Prices (MEP) of US$ 450/MT on Potato was imposed on 26th June, 2014 to augment domestic supplies in view of rising retail and wholesale prices in 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 Department of Commerce.

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