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Food Minister Paswan says no plan to cut sugar import tax for now

Reuters  |  NEW DELHI 

(Reuters) - India, the world's biggest consumer, has no plan to cut import duty on the sweetener at least in the near term, Food Minister Ram Vilas Paswan said on Tuesday.

He said had ample stocks of and lower estimates of production provided by the trade body Indian Mills Association (ISMA) are 'misleading'.

Earlier this month the ISMA said will produce 20.3 million tonnes of in the year to September 2017, down 5 percent from the previous forecast.

(Reporting by Mayank Bhardwaj)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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Food Minister Paswan says no plan to cut sugar import tax for now

NEW DELHI (Reuters) - India, the world's biggest sugar consumer, has no plan to cut import duty on the sweetener at least in the near term, Food Minister Ram Vilas Paswan said on Tuesday.

(Reuters) - India, the world's biggest consumer, has no plan to cut import duty on the sweetener at least in the near term, Food Minister Ram Vilas Paswan said on Tuesday.

He said had ample stocks of and lower estimates of production provided by the trade body Indian Mills Association (ISMA) are 'misleading'.

Earlier this month the ISMA said will produce 20.3 million tonnes of in the year to September 2017, down 5 percent from the previous forecast.

(Reporting by Mayank Bhardwaj)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Food Minister Paswan says no plan to cut sugar import tax for now

(Reuters) - India, the world's biggest consumer, has no plan to cut import duty on the sweetener at least in the near term, Food Minister Ram Vilas Paswan said on Tuesday.

He said had ample stocks of and lower estimates of production provided by the trade body Indian Mills Association (ISMA) are 'misleading'.

Earlier this month the ISMA said will produce 20.3 million tonnes of in the year to September 2017, down 5 percent from the previous forecast.

(Reporting by Mayank Bhardwaj)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22