Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

India May Protect Local Sugar Mills From Imports

April 30 (Bloomberg) -- India may protect domestically-produced sugar from duty-free imports, farm minister Sharad Pawar said, after allowing zero-tax shipments last year to boost local supplies.

“If we have to protect sugar cane farmers,” the government has to provide “level-playing field” for local mills, Pawar said, without elaborating. The government controls the sale of locally-produced sugar while imported sweetener is sold without any restrictions.

India, the world’s biggest sugar consumer, last year allowed duty-free imports after a drought in 2009 ravaged crops and cut output. Prices in Mumbai have fallen 31 percent from a record 4,050 rupees per 100 kilograms on Jan. 8 after the government extended duty-free imports of white sugar until Dec. 31 and forecast output may be more than previously estimated.

Sugar prices “are definitely going down,” Pawar said. “We have to protect sugar cane farmers.”

Balrampur Chini Mills Ltd. expects the Indian government will remove restrictions on the sale of sugar, Managing Director Vivek Saraogi said in an interview with Bloomberg UTV television channel yesterday. The company is the country’s second-biggest producer by capacity.

India’s sugar output may be 23 million tons in the year endig Sept. 30, 2011, compared with 18.5 million tons forecast this year, Vinay Kumar, managing director of National Federation of Cooperative Sugar Factories Ltd., said April 20.

To contact the reporter on this story: Pratik Parija in New Delhi at pparija@bloomberg.net

To contact the editor responsible for this story: James Poole at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.