Govt nod to import 3 lakh tonnes of sugar

08-09-2017
DH

The import of raw sugar will help millers and refiners to start functioning much ahead of the crushing season.

“To supplement the availability of sugar in southern India and to stabilise sugar price, import of three lakh MT of raw sugar through southern ports of India at 25% import duty under Open General License (Tariff Rate Quota) has been allowed through millers/refiners,” an official statement 
said.

The imports will be allowed through the ports of Tuticorin, Karaikal, Chennai, Mangaluru, Kakinada, Gangavaram and Vishakapatnam, it said.

Retail prices of the sweetener have been rising on account of short supply as production in the current season is estimated to decline to 21 million tonnes against the demand of 25 million tonnes.

In April, the government had allowed import of 5 lakh tonnes of raw sugar to tide over the shortage.

Last month, the government had imposed a stock limit on sugar mills for the next two months to keep prices in check during the festive season.

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