November 15, 2013 6:33 PM

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Govt announces provision for higher sugar export

Government has announced a provision for higher sugar export with domestic production becoming surplus. It relaxed a condition for exports of sugar by doubling the limit on overseas shipments that sellers can register.The Directorate General of Foreign Trade has announced that the limit has now been doubled to 50,000 tonnes from 25,000 tonnes per application for registration.Sugar production in the country is projected at 25 million tonnes in 2013-14, two million tonnes more than the domestic demand.

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