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

Restructuring should precede PSU disinvestment

The disinvestment target of the government for 2013-14 is Rs 58,000 cr

Kalyan Jewellers raises Rs 1,200 cr from Warburg Pincus

Company is said to have diluted around 10-12% stake to the PE firm

Pulse prices move up on lower kharif output estimates

Lower kharif production estimates fuel the rise; fall in global output also likely to keep prices up

UP sugar crisis defuses as mills ready to go for cane crushing

Private mills owe farmers Rs 2,500 crore in arrears for the earlier crushing season

FIIs hive off Nifty shares in different baskets

Foreign institutional investors (FIIs), the biggest shareholders outside the promoter group, pared their holdings in almost half of the Nifty ...

Back to Top