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

Reuters  |  NEW DELHI 

(Reuters) - is planning to allow additional 200,000 tonnes of duty-free imports, a source said on Tuesday, as production fell below consumption in 2016/17 marketing year ending on Sept. 30.

The world's biggest consumer had earlier allowed duty-free of 500,000 tonnes of the sweetener.

The country's opening 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, 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)

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

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