DGFT Keeps Minimum Export Price For Natural Honey At USD 1,400 Per Tonne Until March 2026
The Directorate General of Foreign Trade has extended the minimum export price for natural honey at $1,400 per tonne until March 31, 2026, continuing the regulatory framework introduced in March 2024. India exported honey worth $177.52 million during 2023-24 to key destinations including the United States, UAE, Saudi Arabia, and Qatar, while the government supports sector growth through the National Beekeeping and Honey Mission.
*this image is generated using AI for illustrative purposes only.
The Directorate General of Foreign Trade (DGFT) has extended the minimum export price (MEP) on natural honey by three months, maintaining the floor price at $1,400 per tonne until March 31, 2026. The DGFT issued this notification on Wednesday with immediate effect, continuing the policy framework that prohibits honey exports below the specified threshold.
Policy Extension Details
The MEP extension represents a continuation of the regulatory framework first introduced in March 2024. Under this policy, no honey exports are permitted below the minimum price threshold, ensuring price stability in international markets.
| Policy Parameter: | Details |
|---|---|
| Minimum Export Price: | $1,400 per metric ton |
| Extension Period: | Till March 31, 2026 |
| Implementation: | With immediate effect |
| Original Introduction: | March 2024 |
Export Performance and Markets
India's honey export performance demonstrates the sector's significant contribution to agricultural trade. The country exported honey worth $177.52 million during 2023-24, reflecting the commodity's importance in India's export portfolio.
The primary export destinations for Indian honey include:
- United States
- United Arab Emirates
- Saudi Arabia
- Qatar
These markets represent key consumers of Indian honey products, supporting the country's position in the global honey trade.
Domestic Production Landscape
India's honey production is concentrated across several key states that contribute significantly to the national output. The major honey-producing states include Uttar Pradesh, West Bengal, Punjab, Bihar, and Rajasthan, each contributing to the country's overall production capacity.
The government has implemented the National Beekeeping and Honey Mission (NBHM) to promote scientific beekeeping practices. This initiative aims to support the holistic growth of the beekeeping sector, enhancing both production quality and quantity across participating states.
Sector Development Framework
The NBHM represents the government's commitment to developing the beekeeping industry through scientific approaches and modern techniques. This mission focuses on promoting sustainable beekeeping practices that can enhance productivity while maintaining quality standards required for international markets.
The extension of the minimum export price policy, combined with the ongoing National Beekeeping and Honey Mission, demonstrates the government's integrated approach to supporting the honey sector through both regulatory measures and development initiatives.
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