Govt mulls scrapping export duty on sugar in view of falling domestic price

FCI likely to save Rs 1,600 per year on grain procurement post-GST

After doubling the import duty on sugar to 100 per cent and fixing the quantum of stocks that mills can hold in February and March, the government on Friday said that it is considering abolishing the export duty on sugar to boost shipments in view of fall in domestic prices on the estimated rise in production.

At present, there is 20 per cent export duty on sugar.

"Sugar production is estimated to rise nearly 24.9 million tonnes in 2017-18 season (October-September) from 20.2 million tonnes in the previous year," Food and Consumer Affairs Minister Ram Vilas Paswan told reporters today.