date:Aug 25, 2014
India, the world's biggest sugar consumer, raised the import duty on the sweetener to 25 percent from 15 percent as part of efforts to help regional mills struggling with lower prices and higher stocks.
A rise in the duty will make imports unviable for port-based refiners despite a plunge in global prices due to ample supplies from top exporters Brazil and Thailand.
In June, Food Minister Ram Vilas Paswan had said the import duty could be raised to 40 percent from 15 percent if mills pay farme