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Govt rules out lifting ban on wheat export

India, the worlds second-largest wheat producer, banned wheat exports in May 2022 as part of measures to control rising domestic prices. ....

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Govt cuts subsidy on sugar exports to Rs 4K per tonne on high global prices

Read more about Govt cuts subsidy on sugar exports to Rs 4K per tonne on high global prices on Business Standard. The Centre slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices ....

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Govt cuts sugar export subsidy to Rs 4,000 a tonne on global price rise

The Centre on Thursday slashed subsidy on sugar exports from Rs 6,000 per tonne to Rs 4,000 per tonne with immediate effect in view of firm global prices.
However, trade sources said the move may not impact exports much, as of the existing quota of 6 million tonnes, around 5.7 million tonnes have already been contracted at the older subsidy rate of Rs 6.000 per tonne.
For the ongoing 2020-21 marketing year (October-September), the government had fixed a subsidy of Rs 6,000 per tonne to facilitate exports, improving the liquidity of mills and enabling them to clear cane price dues to farmers.
Sugar mills were mandated to export 6 million tonne of sugar in the current year. So far, 5.7 million tonne of the sweetener have been contracted for export. ....

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