PM urges parties to reach consensus on simultaneous polls

PM urges parties to reach consensus on simultaneous polls

Speed Post News Network New Delhi : Addressing floor leaders of parties in the Rajya Sabha and Lok Sabha here on December 14, 2017, ahead of Winter Session of Parliament beginning on More »

NHRC orders probe into torture of NOIDA Juvenile Home inmates

NHRC orders probe into torture of NOIDA Juvenile Home inmates

Speed Post News Network New Delhi : The National Human Rights Commission ( NHRC) has taken suo motu cognizance of a media report that amidst torture, abuse and disease, Home for juveniles  More »

Sindhu wins second match in BWF Super Series Finals at Dubai

Sindhu wins second match in BWF Super Series Finals at Dubai

Speed Post News Network Patna : World Number 3 P V Sindhu, 22, India, won her second match in the Women’s section of BWF Super Series Finals at Dubai on December 14, More »

Axelsen, Srikanth suffer defeats in BWF Super Series finals

Axelsen, Srikanth suffer defeats in BWF Super Series finals

Speed Post News Network Patna : World Number 4 Badminton player Kidambi Srikanth, 24, India, lost his second consecutive match in the BWF Super Series Finals at Dubai on December 14, 2017. More »

England 305/4 at stumps on Day 1 in 3rd Ashes test at Perth

England 305/4 at stumps on Day 1 in 3rd Ashes test at Perth

Speed Post News Network Patna : England were 305/4 at stumps on the first day of the third Ashes test against Australia at WACA Ground, Perth, Australia, with Dawid Malan batting on More »

Goons destroy wheat crop on 50 acre at W Champaran village

Goons destroy wheat crop on 50 acre at W Champaran village

Speed Post News Network Bettiah : A gang of musclemen carrying firearms laid siege to village Singhpur village under Mainatand police station in West Champaran district and destroyed wheat crop on about More »

 

Commerce Ministry imposes Minimum Import Price on Pepper

Speed Post News Network

New Delhi : The Union Ministry of Commerce and Industry has approved the proposal of the Spices Board for fixing the Cost Insurance and Freight (CIF) value of Rs 500 per 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 % in one year and have resulted in a lot of hardship for pepper growers, according to aPIB release.
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 there. Farmers’ associations have demanded 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.

Leave a Reply

Your email address will not be published. Required fields are marked *