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India has no plan now to raise import tax on sugar, government source says

Reuters  |  NEW DELHI 

(Reuters) - has no immediate plan to raise import on as the does not see prospects of from as of now, a senior official said on Monday.

Though the availability of this year remains as tight as last year, will have enough to meet domestic demand without overseas purchases, the official, who was not authorised to speak to the media, said.

The world's biggest consumer is likely to start the new marketing year on Oct. 1, 2018 with an opening stock of 4 million tonnes, almost unchanged from a year ago, the Indian Mills Association (ISMA) said in a statement.

(Reporting by Mayank Bhardwaj; Editing by Malini Menon)

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

First Published: Mon, January 08 2018. 12:30 IST