Govt doubles import duty on sugar to 100% and chana to 40 per cent: Govt.

import duty on sugar

The food ministry has proposed doubling of the import duty on sugar to 100% to curb cheaper imports, check falling wholesale prices of sweet-enter and ensure timely payment to cane farmers, said people in the know.
Wholesale prices have fallen below the cost of production in view of estimated 6 million tonnes more production in the 2017-18 season (Oct-Sep).

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