Moneycontrol
Last Updated : Mar 05, 2018 06:24 PM IST | Source: Moneycontrol.com

Commodities@Moneycontrol: Sugar output surges amid buzz over export duty review

Prices of wheat, sugar, pulses and edible oil moved upward last week after multiple import duty hikes by the government over the past few months.

Manisha Gupta

Prices of wheat, sugar, pulses and edible oil moved upward last week after multiple import duty hikes by the government over the past few months.

Although these increases in import duty will not be perceived positively by traders and will probably sour India's relations with foreign countries who already have commodities en route to India at the moment, farmers across the country will be welcoming the decision.

Production of sugar has risen across the country, with the government likely to take a view on the scrapping of export duty on sugar later this week.

 
First Published on Mar 5, 2018 06:24 pm
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