Government removes minimum export price on potato

NEW DELHI: The government has decided to remove the minimum export price of potato as its availability has increased and prices have eased in domestic markets.

In June last year, the government imposed minimum export price (MEP) of $450 per tonne on potato to increase domestic availability and cool prices.

"Keeping in view of the prevailing lower prices and higher domestic availability of potato, the government has decided to remove the MEP on export of potato," the Commerce Ministry said in a statement.

"The removal of existing MEP on potato will help farmers in realising better and remunerative prices and would also help the exporters in earning valuable foreign exchange for the country through exports," it said.

Potato prices are hovering at about Rs 10 per kg in the national capital.