 "Government eases norms to export sugar surplus to prop up local prices")
India on Wednesday relaxed norms for mills to export sugar, two government notifications said.
The country is likely to produce a record 29.5 million tonnes of sugar in the 2017/18 season that ends on Sept. 30, up 45 percent from the previous year.
Reuters reported earlier this month that India was planning to bring in rules to force sugar mills to export millions of tonnes of surplus supplies to prop up local prices.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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