Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
|Markets & Investing|||||||| 
 Section Home | News Now | Paper | Features | Q&A | PF News | PF Features | IPOs | MFs | Commodities | Trends | Stock Data | Financials | Money & Forex
Home > Markets & Investing Live Markets | Commodities
 

Govt won't relax sugar import norms
Press Trust Of India / New Delhi Dec 15, 2008, 00:23 IST

The government has ruled out easing sugar import guidelines even as the industry stands split on the demand for liberalising the norms.

Under the current guidelines, millers can import sugar duty-free by submitting an undertaking that they will export the same quantity of the sweetener at a later date.

 Click here for Cloud Computing
 
“There is no rethinking on this policy even as some sections of the industry have urged the government to open up import,” a senior government official said.

The sugar industry seems divided on the issue. While co-operatives pitch for relaxed norms, the Indian Sugar Mills Association (ISMA), a body of private mills, has opposed any move to promote imports, saying it would be detrimental to farmers as well as the industry.

“The statistical situation does not at all warrant any import of raw or white sugar. This suggestion has emanated with a trading bent of mind in the interest of traders at the cost of the farmers and the sugar industry,” ISMA has said.

However, co-operatives differ. “As there is shortage of sugarcane this season, we have requested the government to permit import of raw sugar and allow it to be used by mills facing severe crunch,” Maharashtra State Co-operative Sugar Factories Managing Director Prakash Naiknavare said.

According to an estimate of global consultancy firm Czarnikow Sugar, India is expected to produce over 22 million tonnes in 2008-09 season (October-September).

However, the Centre believes that the output would not be less than 20.5 million tonnes and may go up to 22 million tonnes, leaving a domestic availability of about 31.5 million tonnes this year.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- S&P reaches 7-month high before hitting wall
- World Bank President Zoellick to step down on June 30
- Oil cos cut jet fuel prices by Rs 350/kl
- Telcos operating profit to rise 5% in 2 yrs: Crisil
- PESB recommends SS Narsing Rao for CIL's top slot
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- We live for our family. have you secured them?
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Get 5% cashback on telephone bills with Citi
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Medium-sized businesses are the engines of a smarter planet.
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Office 365 for professionals and small businesses.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
Most Popular
Read
E-Mailed
Commented
   
- Nestle: Food for thought
- Kanika Datta: The importance of being SRK
- Tailor-made but not good enough
- Leela parts ways with Kempinski
- Tata Motors soars to record level as JLR propels profit
 
 More  
BUSINESS STANDARD INDIA 2012
  Now available at Special price
  Rs.395/- Only
  Buy Now
  Now available on the Kindle Store...
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us