India Extends Minimum Import Price on Natural Honey Until December 2026
Govt extends minimum import price on natural honey till December 31
The Economic Times
Image: The Economic Times
The Indian government has extended the minimum import price (MIP) on natural honey to discourage cheap imports, setting it at $1,400 per tonne until December 31, 2026. This decision aims to protect local producers from foreign competition.
- 01Minimum import price on natural honey set at $1,400 per tonne.
- 02Extension of MIP lasts until December 31, 2026.
- 03Move aims to discourage cheap honey imports.
- 04Additional conditions introduced for exports of feathers and skins.
- 05Decision made by the Directorate General of Foreign Trade (DGFT).
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The Indian government has announced an extension of the minimum import price (MIP) on natural honey, maintaining it at $1,400 per tonne until December 31, 2026. This measure is designed to discourage the influx of inexpensive honey imports, thereby protecting domestic honey producers from international competition. The Directorate General of Foreign Trade (DGFT) confirmed this decision, which is expected to bolster the local honey market. Additionally, the DGFT has introduced new conditions for the export of feathers, skins, and other animal parts, indicating a broader regulatory focus on these commodities.
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This extension is likely to stabilize prices for domestic honey producers, helping them compete against cheaper imports.
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