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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 ....
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. ....
No trade with India: Sugar is selling at PKR 100 per kg in Pakistan, country issues tender to import wionews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wionews.com Daily Mail and Mail on Sunday newspapers.
Pakistan issues global tender for import of 50,000 tonnes of sugar thehindu.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindu.com Daily Mail and Mail on Sunday newspapers.
Pakistan issues tender for 50,000 tonnes sugar import, but not from banned countries like India Synopsis Last week, there was sudden hope of trade reopening between the two nations in sugar and cotton after Pakistan s Economic Coordination Committee allowed import of these two commodities from India. However, Pakistan s federal cabinet back-tracked on the decision. Faced with production shortages, Pakistan is trying to import sugar in order to boost domestic availability and check retail prices which have shot up to PKR 100 per kg. Pakistan s state-owned trading firm TCP on Monday issued a global tender for import of 50,000 tonnes of white sugar but not from banned countries like India, a move described by the Indian sugar industry as bad luck for the neighbouring country. ....