Friday 5 July 2013

Govt plans to increase sugar import duty to 15%

The imports are putting pressure on domestic prices and thereby preventing millers from clear cane arrears to farmers.

According to reports, the government is planning to increase import duty on sugar to 15% from the current 10%.

The imports are putting pressure on domestic prices.

"We had a meeting on this issue today. We have agreed to raise import duty on both raw and refined sugar to 15%," Food Minister K V Thomas said.
Minister also reported that they have taken cautious steps and agreed for a marginal increase of 5% fearing price rise at a time when state governments have started procuring sugar from open market for PDS.

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