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India to raise import duty on sugar, promote exports
date:Jun 24, 2014
meeting senior government officials.

Local sugar prices, which had been stifled by rising stockpiles, jumped 1.5 percent following the announcement and are likely to rise further if monsoon rains stay subdued as expected in the next few weeks, dealers said.

Paswan also told reporters the subsidy on raw sugar exports would be extended until September. India increased the subsidy for raw sugar earlier this month to boost output and exports.

But large-scale exports are unlikely in the short ter

07/21 10:59