With a view to check the rising prices of potato and augment domestic supplies, the Ministry of Commerce & Industry had decided to impose Minimum Export Price (MEP) of USD 450 PMT FOB with effect from 26th June, 2014.

However, 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 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.

Minimum export price removal lifts potato export restriction, enabling market access and supporting farmer prices and exporter earnings. The government revoked the Minimum Export Price of USD 450 PMT FOB on potato-imposed 26 June 2014-removing the export price floor in response to lower prices and higher domestic availability, with the stated effect of improving farmers' price realization and permitting exporters to earn foreign exchange through unobstructed exports.