Panaji (Goa): The iron ore mining industry players wants the Union Government to exempt export duty on high-grade ore, following increasing demand for such ore.

The iron ore export from Goa, one of the leading export of the mineral until 2012, witnessed almost 75 percent drop for the ongoing season for the month of October-November, compared to the corresponding months last year, with demand for low-grade ore being declined.

for the year 2016, the exports for October-November were 2.84 million metric tones which has come down to 0.68 million metric tones for the same period this year.

Goa Mineral Ore Exporters’ Association’s Secretary Glenn Kalavampara said that the buyers are seeking better grade ore which is above 58 percent grade.

“ There is a demand for high-grade ore but the exports are not feasible due to the high export duty. Industry wants the export duty to be exempted so that the sending consignment becomes possible,” he said.

Currently, the export duty on high-grade ore is 30 percent.