| Date: |
16-06-2010 |
| Subject: |
Govt OKs 10,000 T white sugar exports to EU |
|
Under a WTO rule, India annually exports 10,000 tonnes of duty-free sugar to the EU but the government withheld the permission in February, bowing to severe criticism in the wake of a global surge in prices and lower domestic output.
Indian Sugar Exim Corp Ltd would be allowed to export 10,000 tonnes of white sugar to the EU provided it imports an equal quantity in 2009/10, the statement showed on a government Website here
Higher output estimates have helped domestic prices drop almost a third since a record high of 3,972 rupees ($85.43) on Jan. 7.
Source : REUTERS
|