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Govt hikes import duty on sugar to 25%; may impact prices

Govt hikes import duty on sugar to 25%; may impact prices

Last Updated: Friday, August 22, 2014, 17:04

In a move that could lead to increase in sugar prices, the government on Friday hiked the import duty on both raw and refined sugar to 25 per cent from the existing 15 percent.

Sugar futures up 0.35% on summer demand: tight supply

Last Updated: Monday, June 30, 2014, 12:44

Sugar prices rose 0.35 percent to Rs 3,160 per quintal in futures trade Monday as speculators enlarged positions, supported by summer season demand against tight supplies in the spot markets from millers.

Sugar futures fall 0.63% on profit-booking

Last Updated: Wednesday, June 25, 2014, 13:11

Snapping its rising streak, sugar prices fell by 0.63 percent to Rs 3,154 per quintal in futures trading Wednesday as speculators indulged in booking profits.

Sugar costlier by up to Rs 2 per kg on import duty hike

Last Updated: Tuesday, June 24, 2014, 14:58

Sugar prices on Tuesday further rose by up to Rs 2 per kg to Rs 33.40 at the wholesale market in the national capital.

Sugar prices rise by Rs 60/quintal on import duty hike

Last Updated: Monday, June 23, 2014, 19:15

Sugar prices rose up to Rs 60 per quintal in its prices on the country's leading wholesale markets on stockists buying after the government raised import duty on the sweetener to 40 percent besides additional interest-free loan of Rs 4,400 crore for mills.

Sugar prices may rise as govt hikes import duty on sugar to 40%

Last Updated: Monday, June 23, 2014, 12:18

Govt will hike import duty on sugar to 40 percent from the current 15 percent, Food and Civil Supplies Minister Ram Vilas Paswan said on Monday.

Sugar refiners'' shares rise on expected govt measures

Last Updated: Tuesday, June 03, 2014, 13:24

Shares in sugar refiners rise sharply on expectations that the new government would push ethanol blending in petrol and increase the import duty on the sweetener to support local prices, several traders said.

Sugar prices may rise by 10% by Sept on export subsidy: Crisil

Last Updated: Thursday, February 13, 2014, 20:14

Sugar prices are likely to rise over 10 percent by September this year on the back of the government's decision to give export subsidy on raw sugar with a view to bail out the industry, Crisil said Thursday.

ISMA insists prices should be viable for sugar mills to start

Last Updated: Thursday, November 28, 2013, 20:14

Apex sugar industry body ISMA Thursday called the tax sops offered by the Uttar Pradesh government insufficient and said mills won't start operations until the state fixes reasonable cane prices or links them to market rates.

UP govt offers sops to sugar mills; warns of action

Last Updated: Thursday, November 28, 2013, 19:05

Announcing tax breaks to end the impasse in the sugar industry, Uttar Pradesh government Thursday warned sugar mills of legal action if they did not start operations by next week.

Sugar stocks surge as supplies from Brazil gets disrupted

Last Updated: Tuesday, October 22, 2013, 18:34

Global sugar futures prices are trading near the strongest level since October 2012 as ongoing concerns over a disruption to supplies from Brazil continued to drive prices higher.

Partial decontrol of sugar sector; prices not to go up: Govt

Last Updated: Thursday, April 04, 2013, 20:21

In a major reform, the government Thursday partially decontrolled the Rs 80,000-crore sugar sector by giving freedom to millers to sell in the open market and removed their obligation to supply the sweetener at subsidised rates to ration shops.