Sugarcane| India will raise its import duty on sugar to about 40 percent from 15 percent.

India will raise its import duty on sugar to about 40 percent from 15 percent, as the government tries to revive business at mills that owe farmers around $1.84 billion. Indian sugar futures rose more than 1 percent and are likely to open higher due to increase in import duty on sugar and on additional sops for exporters by the government.