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India plans to allow extra 200,000 T duty-free sugar imports - source

Reuters  |  NEW DELHI 

NEW DELHI (Reuters) - India is planning to allow additional 200,000 tonnes of duty-free sugar imports, a government source said on Tuesday, as production fell below consumption in 2016/17 marketing year ending on Sept. 30.The world's biggest sugar consumer had earlier allowed duty-free imports of 500,000 tonnes of the sweetener.The country's opening sugar stock for 2017/18 season starting from Oct. 1 are likely to be 4 million tonnes, down sharply from 7.7 million tonnes this year, the source, who declined to be named, said.Separately, India is planning to raise import tax on vegetable oils ...

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First Published: Tue, August 08 2017. 18:04 IST