Live Spot Prices
Gold ( MCX ) 31910 | RBD Palmolein ( MCX ) 660 | Zinc ( MCX ) 196.55 | Silver ( MCX ) 38842 | Mustard Seed ( NCDEX ) 4166 | Kapas ( NCDEX ) 1183.5 | Turmeric ( NCDEX ) 6560
Govt may scrap export duty on Sugar to boost exports
Commodity Online | February 09 2018
UPDATED 18:34:28 IST

Indonesia Palm Oil production, exports rise in September: survey

Weak 2018 southwest monsoon impacts Cotton production

World Coffee market ends 2017-18 in surplus: ICO

USDA estimates Peanut output at 4.7 MMT in 2018/19

India's Cashew exports to US decline in FY18

The government is likely to remove export duty on Sugar to boost shipments in view of fall in domestic prices on estimated rise in production, Food and Consumer Affairs Ministry said.

At present, there is 20 per cent export duty on Sugar.

Sugar production is estimated to rise nearly 24.9 million tonnes in 2017-18 season (October-September) from 20.2 million tonnes in the previous year," the ministry said.

Industry has pegged production at 26 million tonnes and the government will review its estimates based on input from sugar producing states. The domestic demand is 24-25 million tonnes annually.

In view of rise in sugar output, the ministry said the government has already doubled import duty to 100 per cent to check cheaper imports from overseas markets, particularly Pakistan. That apart, the government has put a quantitative restrictions on mills for domestic sales for two months.

Commodity Arrivals Rate
Mustard Oil 0.5 9500.00
Coconut Oil 35 16550.00
Arecanut 17 23000.00
Sugar 403 3200.00