Sugar price rise 'inevitable' due to sugarcane FRP hike: NFCSF
The Dollar Business Bureau With an 11% hike in the fair and remunerative price (FRP) of sugarcane, there could be a rise in the retail prices of sugar, industry body National Federation of Cooperative Sugar Factories (NFCSF) said. As per official data presently sugar’s retail prices are at Rs 40-45 per kg. In its public release on Wednesday the government stated that “The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval for fixing the Fair and Remunerative Price (FRP) of sugarcane at Rs. 255/- per quintal (qt) for sugar season 2017-18 linked to a basic recovery rate of 9.5% subject to a premium of Rs. 2.68 per quintal for every 0.1% point increase ...
Government permits 2,095 tonnes of more sugar to US under quota
Source: PTI The government has permitted export of an additional 2,095 tonnes of raw sugar to the USA under the tariff rate quota (TRQ), which entitles shipments to enjoy low tariff. Earlier, 8,424 tonnes of raw sugar has been notified for export to the US under this quota. "Additional quantity of 2,095 MTs (tonnes) of raw cane sugar to be exported to the USA under TRQ up to 30.09.2015 has been notified," Director General of Foreign Trade said in a public notice. TRQ is a quota for a volume of exports that enters the US at low tariffs. After the quota is reached, a higher tariff is applied on additional imports. The additional quantity of the sweetener was allowed to the ...
