Impact of the government's updated sugar import regulations on the industry
The government has updated the guidelines for importing up to 10 lakh tonnes of raw sugar without duty. Importers are now granted a two-month window from the date of the Bill of Entry to process and sell these shipments within the country. This adjustment offers more operational freedom to refiners, which could assist in keeping local sugar prices steady as the festive period approaches and prevent stock hoarding by guaranteeing a consistent supply.
by shortkt.com✓