Get ready for costlier sugar as govt hikes import duty

India will raise its import duty on sugar to 40 percent from 15 percent, as the government tries to revive business at mills that owe farmers around $1.84 billion, the food minister said on Monday.......

Sugar imports set to stop after import duty hike

India, the world's top sugar consumer, is raising the import duty on the sweetener to 15 per cent from 10 per cent currently to discourage overseas buying amid a drop in local prices due to ample......

Sugar stocks cheer partial decontrol

Shares of sugar manufacturers, led by Bajaj Hindusthan surged as much as 16 per cent on the Bombay Stock Exchange after the government partially decontrolled the sugar sector by giving freedom to......

Sugar: No direct impact from Budget

Budget Provisions The budget proposes to increase the MAT rate from 15% to 18% while the surcharge for corporate has been reduced to 7.5% from 10%. Industry expectations not met The premier sugar......