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Pepper growers concerned over Sri Lanka's move to ease exports
Aug 14, 2019

The domestic pepper growers have taken strong exception to the reported move by the Sri Lankan government to hold talks with India for relaxing the minimum import price (MIP) fixed for black pepper which has led to the decline in exports from the island nation.
 
Currently, Sri Lankan pepper is allowed to be exported to India at zero duty for up to 2500 tonnes under the Indo-Sri Lankan Free Trade Agreement. Any export above this limit are subjected to 8 per cent duty under South Asia Free Trade Agreement as against the usual customs duty of 70 per cent on pepper imports into India.
 
India had imposed an MIP of Rs 500 per kg on black pepper to control rising imports that had pushed down the prices to around Rs 350 per kg from nearly Rs 500 per kg.
    

The Hindu Businessline

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