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India may consider sugar export subsidy on Thursday - govt source

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Reuters NEW DELHI

NEW DELHI (Reuters) - India, the world's second biggest sugar producer, could consider subsidy for raw sugar exports at a cabinet meeting on Thursday, a top government source said on Wednesday.

Food Minister Ram Vilas Paswan said last week the government could give export incentives for 1.4 million tonnes of raw sugar as mills start distress sale to pay cane farmers.

The source also said the government had no immediate plans to export wheat from overflowing warehouses but could sell locally.

(Reporting by Mayank Bhardwaj; Editing by Prateek Chatterjee)

 

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First Published: Feb 18 2015 | 3:19 PM IST

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