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

NCC hits 52-week high on FII buying

On Friday, 19 December 2014, Van Eck VIP Emerging Markets Fund bought 3.81 million shares of NCC at Rs 82.90 per share.

Markets flat with positive bias; FMCG & power shares gain

Top gainers on the Sensex are GAIL, BHEL, NTPC, Coal India, M&M, HUL, Bharti Airtel & ITC

Crude palm oil up by 0.4% in futures trade

Speculators indulged in creating positions, supported by pick up in demand in the spot market

Mentha oil gains by 2.2 % on spot demand

Speculators enlarged positions, tracking a firm trend at spot market on strong demand from consuming industries

Cardamom rises by 0.3% on spot demand

Speculators indulged in enlarging positions, driven by pick up in demand in the spot market

Back to Top