Business Standard

Molasses exports from AP uncompetitive due to export fee

The state government had imposed a Rs 2,500 fee on the export of molasses on Nov 10

Related News

Though the Andhra Pradesh Government has permitted export of 10,000 tonne of molasses, the imposition of export pass fee of Rs 2,500 a tonne has made the commodity uncompetitive in the international markets, according to the Associated Chambers of Commerce and Industry of India (Assocham).

Stressing the urgent withdrawal of the export pass fee, Assocham pointed out that other sugar producing states like Gujarat, Maharashtra and UP were not charging any such fee.

In a press release here on Monday, Assocham said that the current FOB export price of was $110 or about Rs 6,000 a tonne while the state government had been charging Rs 2,500 as export pass fee. The fee accounts for 42.5% of the FOB value of export.

The state government issued a notification on November 10, 2008 imposing the fee on export of molasses.

Read more on:   
|
|

Read More

Cotton production to dip by 33% in state: JAU study

Junagadh Agriculture University (JAU) has estimated 33 per cent lower cotton production for Gujarat as compared to last year.

Quick Links

 

Market News

WGC ties up with IIM-A to set up research centre

The idea is to develop insights into how the significant stocks of gold in India can be used to advance growth, jobs, social inclusion and

Government expects chemical industry to grow by 15%

Industry currently accounts for 2.51% of India's GDP

Today's picks- 26 November 2014

Nifty, Bank Nifty,ITC, Jindal Steel & Power Ltd & Bharti Airtel

Sensex edges up on hopes of rate cut

The BSE Sensex and Nifty edged up on Wednesday, gaining for a fourth session in five, led by blue-chips on continued hopes the central bank ...

RBI to conduct open market operations of bonds worth Rs 12,000 cr

Due to this government bond yields are seen rising tomorrow

Back to Top