header logo
Asia asset finance
Mogo Academy
Latest
India accused of imposing unrealistic MIP on Lankan pepper
Sep 27, 201901:40 AM
India accused of imposing unrealistic MIP on Lankan pepper
Mobitel Inner

The Spices and Allied Products Producers and Traders’ Association (SAPPTA) alleges that India of imposing unrealistic Minimum Import Prices (MIP) on Sri Lankan pepper and areca nuts, which in return results in negligible exports.

 

Issuing a media release, the SAPPTA said Sri Lanka has exported around 75 percent of Pepper exports and almost 100 percent of its Areca Nut exports to India.

 

“The MIP on Pepper is INR 500 whereas the local market is INR 200 (LKR 500),” the release said, adding that in the case of areca nuts, Indian importers are also finding it difficult to clear the cargo at the port of entry.

 

“Recently the Indian Government Authority instructed our Phytosanitary Department not to issue certificates for the export of Clove Stems, an absolute requirement for the clearing of cargo in India,” SAPPTA’s releases continued.

 

In the meantime, stocks of these commodities remain unsold with farmers who continue to agitate with prices declining, SAPPTA said.

 

SAPPTA has questioned the use of Free Trade Agreements if such restrictions prevent exports.

 

 

 

MostRead
Mobitel Upahara
VideoStories
 Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Court orders ex-SIS chief Suresh Sallay to provide Phone and laptop passwords to CID

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

Bus fares increased from midnight on July 5 : Minimum fare raised to Rs. 34

32 dengue related deaths reported this year : Public not taking situation seriously

32 dengue related deaths reported this year : Public not taking situation seriously

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

Sarvajana Balaya leader meets farmers in Medirigiriya : Farmers raise concern over paddy prices

“Dengue-related deaths could increase” Health Ministry sets up Dengue Operations Centre and Hotline

“Dengue-related deaths could increase” Health Ministry sets up Dengue Operations Centre and Hotline

No reduction in tuk, school transport service fares despite yesterday's fuel price revision

No reduction in tuk, school transport service fares despite yesterday's fuel price revision

 Seventh IMF review under EFF program in Sept. IMF calls for exchange rate flexibility in Sri Lanka

Seventh IMF review under EFF program in Sept. IMF calls for exchange rate flexibility in Sri Lanka

“Catholic Church influenced Easter Sunday probe” Global Sri Lankan Forum demands independent team

“Catholic Church influenced Easter Sunday probe” Global Sri Lankan Forum demands independent team

President’s recent speech made no reference to actual concerns – MP Dilith

President’s recent speech made no reference to actual concerns – MP Dilith

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

Ex-SIS chief Suresh Sallay transferred to Cardiology Unit of National Hospital

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

China's Communist Party marks 105th anniversary; PM Harini praises China's achievements and progress

Colombo EV Motor Show 2026 officially inaugurated

Colombo EV Motor Show 2026 officially inaugurated

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

Future fuel pricing adjustments under review; Govt aims to provide maximum benefits for consumers

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

"No mention of Gotabaya’s name in Easter Attack Comm. reports" Court told during petition hearing

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Chinese Embassy donates school supplies and dry rations following request by MP Dilith Jayaweera

Lassana Flora