India Refiners to Divert Sugar
Indian port-based sugar refineries plan to divert about 250000 metric tons of refined sugar to the local market. The shift follows a policy change allowing duty-free import quotas to help lower domestic prices.
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India port-based refineries will divert 250,000 metric tons of refined Sugar to the domestic market, an industry executive said on Wednesday afternoon. The shift follows government policy changes allowing port refiners to sell domestically under a 1 million-ton raw import quota. New Delhi aims to curb record-high domestic prices by expanding local supplies.
