The government has reallocated the raw sugar import quota of 92,000 tonnes surrendered by a dozen South Indian mills and the shipments are expected from mid-October onwards, a senior food ministry official said.
On September 7, the government had allowed import of 3,00,000 tonnes of raw sugar at a concessional 25 per cent import duty to boost supply in southern India. The import quota was allocated to only southern mills.
Otherwise, the import duty on sugar is 50 per cent.
"Around 41 mills showed interest to import. We allocated the raw sugar import quota of 3 lakh tonnes as per the rule.
But 11-12 mills surrendered 92,000 tonnes, saying it is not viable. We have reallocated that quantity now," a senior ministry official told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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