Potato imports from Bhutan allowed again
The Hindu
Retail inflation in potatoes surged from 6.8% in April this year to 11.1% in May, SBI had noted
With retail potato prices rising sharply over April and May, the government has decided to permit the import of Potatoes from Bhutan without any license up to June 30, 2022, as per a notification issued late on Monday by the Commerce and Industry Ministry. Last October, as potato prices crossed ₹40 per kilogram at the retail level, similar relaxations were offered for potato imports, which are usually restricted, from Bhutan till January 31 this year. According to a SBI Research note, inflation in potatoes was one of the biggest contributors to the surge in food inflation in May when overall retail inflation quickened to a six-month high of 6.3%, beyond the upper tolerance threshold of the central bank’s inflation targeting framework.More Related News