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INTERVIEW-India has no plans to allow extra sugar imports - food minister
May 11, 2017 / 11:07 AM / 7 months ago

INTERVIEW-India has no plans to allow extra sugar imports - food minister

NEW DELHI, May 11 (Reuters) - India, the world’s biggest sugar consumer, has no plans to allow extra imports of the sweetener as stocks lying around in mills will suffice, Food Minister Ram Vilas Paswan said on Thursday.

Last month, the government allowed imports of half a million tonnes of duty-free raw sugar, as a drought cut output below consumption levels for the first time in seven years.

Traders were speculating that the government could soon be forced to allow imports of an extra 500,000 to 1 million tonnes to meet local demand, estimated at 24-25 million tonnes a year. (Reporting by Mayank Bhardwaj)

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