The Central Government has issued a significant update related to the export of Natural Honey under ITC (HS) Code 04090000. Exercising its powers under the Foreign Trade (Development and Regulation) Act, 1992 and linked with Foreign Trade Policy 2023 the government has reviewed the Minimum Export Price (MEP).
According to the latest notification, the MEP for Natural Honey has been reduced from USD 2,000 per metric ton to USD 1,400/metric ton. This change is active immediately and will remain in effect until December 31, 2025.
This amendment substitutes the previous notification no. 45/ 2024-25 dated 30/12/2024. The drop in MEP aims to promote honey exports so that Indian honey has a more competitive price in global markets.
Exporters should ensure compliance with the revised prices to prevent any regulatory issues. The latest policy will directly impact honey exporters, trading companies and relevant stakeholders across the country.
For smooth operations, businesses are advised to update their pricing and documentation accordingly.