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The authorities on Thursday imposed a minimal export worth (MEP) of USD 2,000 per tonne on pure honey until December this 12 months. The notification will probably be efficient instantly.
Exports beneath this MEP worth is not going to be permitted.
“Export of pure honey is free. Minimal export worth (MEP) of USD 2,000 per metric ton is imposed until December 31, 2024, or till additional orders, whichever is earlier,” the Directorate Normal of Overseas Commerce stated in a notification.
Throughout April-January this fiscal, pure honey exports stood at USD 153.21 million. It was USD 203 million in 2022-23.
The most important exporting locations embrace the US and the UAE.
