Management

Govt to recommend extension of white sugar import window

The government today said it may extend the white sugar import window up to December 2010 to help increase availability and contain prices of the sweetener, whose retail rate is rallying closer to Rs 50 a kg in Delhi. - Rs 1,000 cr to MSMEs to help face global competition - Govt will pass Right to Food Act: FM - JP Morgan to pay $29 bn in salaries, bonuses: report - Govt to miss GST deadline - Govt approves road projects worth Rs 6,152 cr in five states - Govt allows Pepsico to inject $200 mn additional equity "Our recommendation to the Cabinet Committee on Prices will be to extend the import window up to December 2010 on par with raw sugar," Food and Agriculture Minister Sharad Pawar said today. The Ministry is also considering relaxing import conditions to allow millers of Uttar Pradesh to refine imported raw sugar in other states as the UP government had in early November banned its transportation and processing, Pawar said. In the last 20 days, ministry officials have held at least two rounds of meeting with importers to remove hurdles in imports, if any. Sugar prices have increased by Rs 6 to Rs 45 a kg in Delhi since the beginning of the new year due to fall in output.

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25.04.2012


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