November 23, 2024 12:35 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Commerce Ministry imposes Minimum Import Price on pepper

Commerce Ministry imposes Minimum Import Price on pepper

| @indiablooms | 06 Dec 2017, 03:43 pm

New Delhi, Dec 6 (IBNS) : The Union Ministry of Commerce and Industry has approved the proposal of the Spices Board for fixing the CIF value of Rs.500per kg as Minimum Import Price for pepper to protect the interests of pepper growers.

In recent times, decline in the domestic pepper price due to cheaper import of pepper from other origins has been a major concern among pepper growers. Pepper prices have gone down by nearly 35 per cent in one year and have resulted in a lot of hardship for pepper growers.

Since most of the pepper-producing countries are in the ASEAN region, there have also been apprehensions of pepper from these countries, being routed through Sri Lanka taking advantage of lower duty under SAFTA and ISLFTA, for availing concessional import duty. Farmers' associations have demanded taking of stringent measures including fixing of Minimum Import Price (MIP) for pepper to prevent cheaper imports of pepper into the country from other origins.

Fixing of Minimum Import Price will help in improving the domestic price particularly when the harvesting season of pepper is fast approaching.

 

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.