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Raw Sugar imports to be eased

 

Centre is ready to create duty free imports of raw sugar to advance licenses, now on tonne-to-tonne basis against grain basis.  This move is touted as a political move, however, co-operative mills in Maharashtra and North Karnataka, would welcome it as many mills have to shut shop because of shortage of cane. They can now buy raw sugar and process it along with cane juice and produce white sugar and can export the same. However, It may be noted ISMA is against the move as it claims that the move will only facilitate traders and consider this move as a short-sighted move.

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