Food Ministry has proposed to impose 25 percent duty on export of sugar to ensure sufficient supply of the sweetener in the domestic market, Union Minister Ram Vilas Paswan said.
The international prices of sugar are rising and therefore traders may increase the export of sugar to make profit, Paswan said. ".. to keep the export of sugar in control, it is proposed to levy 25 percent custom duty on export of sugar," Paswan said in a series of tweets.
He added that this move will keep sufficient availability of sugar in domestic market and the price will be under control.
According to trade sources, sugar exports have become viable now as global prices have increased by 50 percent in last three months due to disruption in supply from Brazil.
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The international prices of sugar are rising and therefore traders may increase the export of sugar to make profit, Paswan said. ".. to keep the export of sugar in control, it is proposed to levy 25 percent custom duty on export of sugar," Paswan said in a series of tweets. 
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