INDIA: Still no plan for imports

Published: 03/14/2017, 2:40:06 PM

India, the world's biggest sugar consumer, has no plan to cut import duty on the sweetener at least in the near term, Food Minister Ram Vilas Paswan said on Tuesday, according to Reuters.

He said India had ample stocks of sugar and lower estimates of production provided by the trade body Indian Sugar Mills Association (ISMA) are 'misleading'.

Earlier this month the ISMA said India will produce 20.3 million tonnes of sugar in the year to September 2017, down 5% from the previous forecast.