India reduces minimum export price for honey

New Delhi [India], August 23 (ANI): The central government has revised downwards the Minimum Export Price (MEP) for natural honey exports.

In a notification issued by the Directorate General of Foreign Trade (DGFT) dated August 22, the MEP for natural honey under HS Code 04090000 has been reduced from USD 2,000 per metric ton to USD 1,400 per metric ton (free on board).

The notification stated that the revised condition will remain effective until December 31, 2025.

The export policy for natural honey continues to be categorised as "Free," subject to adherence to the revised export price.

India is one of the major honey-exporting countries in the world. According to an old agriculture ministry statement, the major markets for Indian honey are the US, Saudi Arab, the United Arab Emirates, Bangladesh, Canada, among others.

Mustard honey, eucalyptus honey, lychee honey, sunflower honey, pongamia honey, multi-flora Himalayan honey, acacia honey and wild flora honey are some of the significant varieties of honey exported from India.

APEDA offers various incentives and financial assistance to the exporters of agricultural food products, including honey. (ANI)

(This content is sourced from a syndicated feed and is published as received. The Tribune assumes no responsibility or liability for its accuracy, completeness, or content.)