The government has decided to continue with the export subsidy of 3,300 rupees per tonne on raw sugar shipments for the months of April and May. In February this year, the Cabinet Committee on Economic Affairs, CCEA, had approved an incentive for export of four million tonnes of raw sugar for two years to help the cash-starved industry to pay arrears to sugarcane farmers.The export subsidy was fixed at 3,300 rupees per tonne for the February-March period. The CCEA had also decided to review the subsidy amount after every two months depending on the rupee-dollar exchange rate.Official sources said that the Food Ministry reviewed the subsidy amount last week and decided to continue with the existing rate for April and May. They said, a notification in this regard will be issued soon.
News On AIR | April 21, 2014 1:02 PM
Govt to continue Rs. 3,300 per tonne raw sugar export subsidy for April & May