India issues MEP on potatoes

For fresh fruit and vegetable marketing and distribution in Asia
Matthew Jones

BY MATTHEW JONES

@matt_fruitnet

India issues MEP on potatoes

Government aims to safeguard against price inflation with second MEP in the space of one month

India issues MEP on potatoes

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The Indian government has moved to guard against price inflation on vegetables in the country’s domestic market, imposing a minimum export price (MEP) on potatoes of US$450 per tonne.

According to commoditiescontrol.com, potato prices have risen to Rs30 (US$0.49) per kg in Deli and other parts of the country. India’s Economic Times suggested the price hike was a protective measure, should domestic production suffer after a poor monsoonal season.

Earlier this year, Indian finance minister, Arun Jaitely, indicated the government would impose MEPs on staple vegetable lines such as onion and potatoes, in a bid to rein in food prices. The government issued a MEP of US$300 per tonne on onions on 17 June.

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