Raw Sugar

Govt proposes domestic sale of raw sugar, ending six-decade-old ban

Raw sugar commands a higher price than refined sugar and could boost revenue in the market

Raw sugar heads toward two-month high on concern over Indian exports

"Indian exports for the coming season look more likely they will be canceled, at least until after the election," said Michael McDougall, managing director at Paragon Global Markets

Govt considers allowing some exports of raw sugar piled up at ports: Report

Additional shipments from India, the world's biggest exporter of sugar after Brazil, could weigh on raw sugar futures, which are trading near their lowest in four months.

Centre allows export of additional 2,051 MT of raw sugar to US for FY22

The Centre has allowed an additional 2,051 metric tonnes of raw sugar to be exported to the US under the Tariff Rate Quota (TRQ) for the US fiscal year 2022.

Raw sugar futures drop most in a week on India's export subsidy concerns

India's production from October 1 to November 5 climbed to 425,000 metric tons, up 32 per cent from a year earlier, the National Federation of Cooperative Sugar Factories said.

Edible oil industry shaken on news of oil-for-sugar deal with Indonesia

Units are miffed at the move as there is a lot of idle capacity in the country; sugar industry, on the other hand, has welcomed the development

DGFT allots 60% of 500,000 tonne duty-free raw sugar import quota to south

West zone takes 30%, while 10% is allocated to a single company in the east

Duty-free import of 500,000 tonnes raw sugar till June 12

The central government announced it was allowing import of 500,000 tonnes of raw sugar, at zero import duty till June 12, to maintain local prices at reasonable levels. At present, India levies an import duty of 40 per cent on sugar. The import will be allowed under a Tariff Rate Quota, whose terms will be decided by the Directorate General of Foreign Trade (DGFT). The latter will issue a public notice declaring the quota for each importer. The import shall be done with zonal quantity restrictions and will be open for only millers and refiners having own refining capacity. Applications for import must come online to DGFT from April 13 to 24. "Considering the quantity of sugar available as opening stocks and production in the current season, it is estimated that there is adequate quantity for domestic consumption," said Food Minister Ramvilas Paswan.The sugar industry seemed divided over the decision, with a section welcoming it on the ground that calibrated import will help check ...