ALSO READIndia raises import tax on sugar to 50 pct: government statement No plans to allow extra sugar imports - Food Minister Ram Vilas Paswan India likely to raise sugar import tax to 50 percent - government source India's wheat imports to slow after March on fumigation rule change India likely to raise sugar import tax to 50 percent - source
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 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 like palm oil, soyoil and sunflower oil, the source added.
(Reporting by Mayank Bhardwaj; Writing by Rajendra Jadhav; Editing by Malini Menon)
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