The cabinet will decide on incentives for raw sugar production on Tuesday, Farm Minister Sharad Pawar told reporters, as part of strategy to arrest falling prices due to a glut of refined sugar in domestic markets.
"India has been exporting only white sugar, it has not been exporting raw sugar and WTO rules allow us to give incentives for production of new product like raw sugar," he said.
The minister said the world's biggest producer after Brazil could export at least 4 million tonne of raws in the next two years.
Sugar mills have sold only about 700,000 tonne of raw sugar for export so far in the 2013/14 season despite industry expectations of 4 million tonne because of low prices.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app