Government plans to allow extra 200,000 tonnes duty-free sugar imports: Source

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New Delhi | Updated: Aug 08, 2017 6:55 PM

India is planning to allow additional 200,000 tonnes of duty-free sugar imports, a government source said on Tuesday.

India, Free Sugar import, vegetable oils, palm oil, sunflower oilRepresentative Image (REUTERS)

India is planning to allow additional 200,000 tonnes of duty-free sugar imports, a government source said on Tuesday, as production fell below consumption in 2016/17 marketing year ending on Sept. 30. The world’s biggest sugar consumer had earlier allowed duty-free imports of 500,000 tonnes of the sweetener. The country’s opening sugar stock for 2017/18 season starting from Oct. 1 are likely to be 4 million tonnes, down sharply from 7.7 million tonnes this year, the source, who declined to be named, said. Separately, India is planning to raise import tax on vegetable oils like palm oil, soyoil and sunflower oil, the source added.

 

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