India will raise import duty on sugar to 40 percent from 15 percent, as the government tries to revive business at sugar mills that owe farmers around $1.84 billion. Indian sugar futures rose and may edge higher in coming days due to the local demand and increase in import duty on sugar, according to the traders.
Sugarcane| India will raise import duty on sugar to 40 percent from 15 percent.
July 2, 2014 9:43 AM | Skymet Weather Team