EghtesadOnline: The Indian government on Monday imposed a ban on the import of apples that cost up to Rs50 a kg, which move may hit shipments of the fruit from Iran, the UAE and Afghanistan.
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The Indian government on Monday imposed a ban on the import of apples that cost up to Rs50 a kg, which move may hit shipments of the fruit from Iran, the UAE and Afghanistan.Government sources said China too would be impacted, although official data showed negligible imports from across the border. The Directorate General of Foreign Trade announced the decision to move apples that cost up to Rs50 a kg (including cost, insurance and freight) from “free” to “prohibited” category, while making an exception for Bhutan, The Times of India reported.The ban has come based on a recommendation from the Indian Agriculture Ministry, sources said. The amendment to the trade policy comes during the lean season for apples.At the higher end of the market, Washington apples and those from Turkey have flooded the market in recent years. In the last financial year, apple imports were valued at nearly $300 million, around 24% lower than the previous year.Official disaggregated data available showed ...
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