ANNOUNCEMENT 06 Feb 2015
India reduced the minimum export price on retail pack edible oil exports.
NUMBER OF INTERVENTIONS
Notification No 108(RE–2013)/2009-2014
On 6 February 2015, the Indian Ministry of Commerce and Industry through Notification No. 108(RE-2013)/2009-2014 reduced the minimum export price on exports of edible oil in branded consumer packs of up to 5 kgs. from USD 1100 per metric ton to USD 900 per metric ton. The MEP was originally imposed in February 2013 and was later reduced in October 2013 and in April 2014.
The export of edible oils has been prohibited since March 2008. However, oil exports in retail packs have been allowed with tariff quota restrictions (See related state acts).
In April 2018, the Ministry removed all restrictions including the imposition of an MEP on exports of edible oils (See related State Act).