The government has removed the Minimum Export Price (MEP) on potato, which was imposed in July, in order to boost shipments of the kitchen staple. As per notification issued by Directorate General of Foreign Trade (DGFT), export of potatoes, fresh or chilled shall be permitted for exports without any MEP.
The government had earlier in July imposed MEP of $360 per tonne on potato in order to increase domestic availability and cool prices. The country is the second largest producer of potato in the world which stood at 48 million tonnes in 2014-15. However, its export was less than 1% of the output.
India exported 1.80 lakh tonnes of potato in 2015-16 fiscal, which was lower than 3.05 lakh tonnes in the previous year.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: