India cuts export subsidy on sugar by one third; exports to continue due to strong demand say traders

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According to Praful Vithalani, chairman, All India Sugar Traders Association (AISTA), there will not be any major impact on the ongoing sugar exports as agreements for 57 lakh tonnes of sugar exports have been executed till May 19 nor there will not be any impact on domestic prices as these are controlled by the monthly release mechanism.

from Agriculture-Economy-News-Economic Times https://ift.tt/3u9glV8

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