News International Sugar Journal

India – Sugar export subsidy raised to U$55/tonne [Registered]

The Indian government has raised the raw sugar export subsidy for August-September to Rs 3,371 (U$55) per tonne, up from Rs 3,300 (U$53.87) in June-July, after the industry lobbied for its continuation, reports Economic Times. The move comes amid criticism of the government shoring up overseas sales in violation of trade guidelines and this is being done despite companies not having paid farmers their dues as the government had asked. “The central government hereby declares that the incentive towards marketing and promotion services of raw sugar production for the period beginning from August 1 and ending on September 30 shall…

Login or sign up

Create an account

Lost your password?