3 Lakh Tonnes of Refined Sugar to Hit Domestic Market Amid Supply Concerns

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The Indian government has permitted duty-free import of 10 lakh tonnes of raw sugar to address domestic supply concerns. It has also allowed processors to divert refined sugar, originally earmarked for export, into the local market. Officials and industry insiders estimate that at least 3 lakh tonnes of processed sugar could reach the market quickly. The incoming raw sugar imports are expected to further ease any supply shortfall. Meanwhile, ex-mill sugar prices have already fallen by around 20% over the past ten days.

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