Economic TimesLean R·
India sugar mills may import half of quota
Indian sugar mills and refiners are likely to import only about half of the 1 million metric tons of raw sugar the government has allowed duty-free, as falling domestic prices have eroded the profitability of imports, industry officials told Reuters.The world's biggest sugar consumer last week allowed duty-free imports until October 31 to ease record-high prices ahead of the festival season, when demand for traditional sweets typically peaks.But domestic ex-mill prices have fallen nearly …
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