Popular Posts Last 7 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last 30 days_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts Last year_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Popular Posts All time_$type=three$meta=0$snip=0$rm=0$count=9$show=/search/label/Popular

Islamophobia_$type=carousel$h=350$show=/search/label/Muslim%20World

Saudi Arabia$type=two$count=2$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Iran_$type=three$count=3$h=250$space=1$icon=1$m=0$sn=0$rm=0$show=/search/label/Muslim%20World

Palestine$type=three$author=hide$comment=hide$rm=hide$date=hide$show=/search/label/Muslim%20World

India likely to raise sugar import tax to 50 percent - source

SHARE:

NEW DELHI  - India, the world's biggest sugar consumer, is likely to raise import duty on the sweetener to 50 percent from 40 percent in an attempt to restrict cheaper flows of the commodity from overseas, a government official said on Friday.

Lower imports by India could put pressure on global prices, but will support local prices that have come under pressure in the last few weeks due to expectations of imports.

"There have been some apprehensions of cheaper imports flooding the Indian market. That's why the government is likely to raise the duty to 50 percent," the official, who did not want to be identified, said.

A sharp drop in global prices and a stronger rupee made overseas purchases viable despite stiff tariffs, industry players said last week.

The government in April allowed the duty-free import of 500,000 tonnes of sugar by the end of June to keep a lid on prices after local production fell by a fifth from a year ago.

However, for the 2017/18 marketing year starting from Oct. 1, India's sugar output is expected to jump a quarter from the previous year to 25 million tonnes.

The sugar industry was demanding a hike in the import duty to 60 percent, but the government has been considering an increase to 50 percent, the official said.

India has raised by nearly 11 percent the price sugar mills must pay cane growers in the next sugar season beginning in October.

"Imports need to be stopped to keep sugar prices stable. Otherwise, mills can't pay farmers higher prices for cane," said Rohit Pawar, chief executive of Baramati Agro, which operates sugar mills in western state of Maharashtra.

COMMENTS

Name

Ads,5,Afghanistan,75,Africa,26,Americas,5,Animals,36,Argentina,1,Asia,235,Australia,11,Austria,5,Bahrain,2,Bangladesh,18,Barcelona,1,Belgium,3,Brunei,1,Business,1300,Canada,4,Catalan,80,China,118,Cuba,3,Czech Republic,3,DR Congo,1,Egypt,22,Ethiopia,1,Europe,237,Fitness,14,France,26,Germany,37,Headlines,11,Health,169,Hillary Clinton,199,Hong Kong,2,Hungary,1,Iceland,1,India,104,Indonesia,9,International,75,Iran,77,Iraq,77,Ireland,2,Islamophobia,19,Israel,10,Italy,3,Japan,36,Jordan,1,Kenya,7,Kosovo,1,Kuwait,3,Lebanon,2,Libya,2,Lifestyle,302,Lithuania,1,Malawi,1,Malaysia,15,Malta,1,Maxico,3,Middle East,127,Muslim World,598,Myanmar,35,Nawaz Sharif,5,Nepal,3,Netherlands,2,New Zealand,9,Niger,1,Nigeria,2,Nobel Prize,81,North Korea,53,Norway,1,Opinion,26,Pakistan,1036,Palestine,36,Philippine,16,Pics,66,Poland,3,Popular,1,Qatar,93,Rohingya,118,Russia,45,Rwanda,1,Saudi Arabia,83,Science,144,Serbia,2,Showbiz,350,Somalia,4,South Africa,1,South Korea,7,Spain,60,Sports,1311,Sudan,1,Sweden,1,Switzerland,2,Syria,112,Taiwan,2,Technology,449,Thailand,5,Today IN History,24,Top News,994,Tunisia,1,Turkey,77,U.S.,301,UAE,21,UK,51,Ukrain,2,Venezuela,4,Videos,75,Vietnam,2,World,4824,Yemen,21,Zimbabwe,2,
ltr
item
Muslim Global: India likely to raise sugar import tax to 50 percent - source
India likely to raise sugar import tax to 50 percent - source
https://3.bp.blogspot.com/-oIWeSeKO0ds/WV-uf01VmYI/AAAAAAAAals/xRLogH6-odo4O5tKUAWwhRFDP-5Yl92qgCLcBGAs/s640/sugar%2Bmill%2Bahmadabad%2Bindia.jpg
https://3.bp.blogspot.com/-oIWeSeKO0ds/WV-uf01VmYI/AAAAAAAAals/xRLogH6-odo4O5tKUAWwhRFDP-5Yl92qgCLcBGAs/s72-c/sugar%2Bmill%2Bahmadabad%2Bindia.jpg
Muslim Global
http://www.muslimglobal.com/2017/07/india-likely-to-raise-sugar-import-tax.html
http://www.muslimglobal.com/
http://www.muslimglobal.com/
http://www.muslimglobal.com/2017/07/india-likely-to-raise-sugar-import-tax.html
true
616431133175714168
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy