India: India Introduces 20 Percent Export Tax on Sugar

  |   Attaché Report (GAIN)

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On June 16, 2016, the Government of India (GOI) introduced a 20-percent export tax on raw and white sugar (Customs Notification No. 37/2016) in response to higher international sugar prices. According to media sources, the current marketing year (MY) sugar export quota for may be revoked. Moreover, sugarcane farmers may not be eligible to receive additional GOI export subsidies, and sugar millers will focus more on domestic sales. Also, a primary objective for imposing the new export tax is to maintain price stability for consumers.

India: India Introduces 20 Percent Export Tax on Sugar

 

South and Central Asia, India
Sugar

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