News International Sugar Journal

Indian sugar refiners avoid raw sugar imports [Registered]

Sugar mills in India are staying away from raw sugar imports, due to negative processing margins and an abundant availability of cane for crushing from local sources. “Raw sugar imports are currently halted, despite nil duty, due to negative refining margin. Also, domestic yield of cane is enough to feed local consumption,” said Sanjay Tapriya, director of finance at Simbhaoli Sugar Mills. “Imported raw sugar at the current price will cost nearly Rs30 (64¢) a kg, which is similar to the price of refined sugar. Hence, refining of imported raw sugar makes no logic at all. And, the market is…

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