Potato exports jump over two-fold at 2.5 lakh ton in Apr-Dec Back to News & Events List


India's potato exports jumped more than two-fold during April-December period of this fiscal to 2.5 lakh tonnes. The country had exported 1.18 lakh tonnes in the year-ago period.

According to data compiled by the National Horticultural Research and Development Foundation (NHRDF), potato exports stood at 2,50,781 tonnes during April-December of 2014-15 fiscal against 1,18,158 tonnes in the corresponding period of the previous fiscal.

In value terms, potato exports increased to Rs 595.65 crore from Rs 140.72 crore during the period under review. During the entire 2013-14 fiscal, potato exports were 1,66,642 tonnes worth Rs 209.31 crore. India's potato production in 2014-15 is estimated at 421 lakh tonnes.

Potato exports are likely to rise further as the Centre had last month removed the minimum export price (MEP) on this key vegetable. The MEP on potato was imposed in June 2014 at USD 450 per tonne 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 had 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 had said.

NHRDF was established by co-operative NAFED in 1977 to guide farmers, exporters and others concerned for improving the productivity and quality of horticultural crops.


Recent News


19

08/2017
Target to raise tea exports by 22% in 3 yrs might be difficult: Here's why

While the official target is to raise tea exports by 22 per cent in the next three years, to 270 million kg (mkg), producers and exporters face two major challenges.  ...

17

08/2017
Common use items exempt from e-way bill under GST

LPG, kerosene, jewellery and currency are among the common use items that have been exempted from the requirement of obtaining electronic permits for transportation under the G...

16

08/2017
No plans for duty-free sugar imports: Paswan

The country has sufficient stock of sugar available and there are no plans to allow further imports of the sweetener at zero duty, Food Minister Ram Vilas Paswan said today. ...

14

08/2017
Green shoots becoming visible in merchandise trade: Mid year Economic Survey

The first mid-year Economic Survey brought cheer for the export sector as it said that green shoots have started to appear in the trade horizon with world trade growth projecte...