Sugar Sector

Madhya Pradesh sugar traders to go on strike from Oct 1

Irritated sugar traders of Madhya Pradesh have decided to go on indefinite strike from Oct 1. The state sugar traders have taken the decision to protest against the state government’s move to confiscate the commodity from wholesalers and introducing license from them.

Sugar imports deadline extended by India

The central government has extended the time-span of duty free import of raw sugar till December 2010.

This extension will help to meet the domestic demand of sugar.

India has ordered sugar mills to import raw sugar at zero duty, which is valid till March 31, 2010.

As per sources, the decision to extend the period was taken in the meeting of the Empowered Group of Ministers (EGoM) headed by Finance Minister Pranab Mukherjee.

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