India fixes 300,000 tonne import quota for sugar mills in southern regions
India will soon permit import of 300,000 tonnes of raw sugar at a concessional rate of 25 per cent import duty against normal 40 per cent duty. Import is most likely to be permitted to sugar-starved mills in the southern states, where prices are Rs 2-2.50 higher than in Maharashtra.
Business-Standard reports.
South Indian mills will get the permission to import 3 lakh tonnes of sugar to be refined and sold by mid-October. New crop sugar would enter the mark...