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India plans to allow extra 2 lakh tonnes duty-free sugar imports

India is planning to allow additional 200,000 tonnes of duty-free sugar imports, a government source said on Tuesday, as production fell below consumption in 2016/17 marketing year ending on Sept 30. 

New Delhi: India is planning to allow additional 200,000 tonnes of duty-free sugar imports, a government source said on Tuesday, as production fell below consumption in 2016/17 marketing year ending on Sept 30.

The world`s biggest sugar consumer had earlier allowed duty-free imports of 500,000 tonnes of the sweetener.

The country`s opening sugar stock for 2017/18 season starting from October 1 are likely to be 4 million tonnes, down sharply from 7.7 million tonnes this year, the source, who declined to be named, said.

Separately, India is planning to raise import tax on vegetable oils like palm oil, soya oil, and sunflower oil, the source added.