India to raise import duty on sugar, promote exports
date:Jun 24, 2014
m, as most of this year's raw sugar output has already been shipped.

India is likely to export more than 2 million tonnes of sugar in 2014/15 as the top consumer is set to produce a surplus of the sweetener for the fifth straight year despite chances of reduced rainfall, a commodities executive said earlier this month [ID: nL3N0OJ1QH]

BOOST TO BIOFUEL

The government has also decided to raise the mandatory level for blending ethanol in gasoline to 10 percent from 5 percent, Paswan said.

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