India, the world’s biggest sugar producer after Brazil, will consider a subsidy on raw sweetener exports to ease a domestic glut, two government officials said.
The government will consider 2,000 rupees ($32) a metric ton subsidy for shipments, said the officials, who asked not to be identified because they aren’t authorized to speak to the media. The government may also consider ways to reduce imports in the next cabinet meeting, they said.
N.C. Joshi, spokesman for the food ministry, declined to comment on the matter.
via India Said to Consider $32 a Ton Subsidy for Raw Sugar Exports – Businessweek.
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