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.
