HomeNews listOBJECTIVE PRESSGovt caps sugar export, steps in to cool edible oil prices

Govt caps sugar export, steps in to cool edible oil prices

  • May 24, 2022
  • Posted by: AliensFaith
  • Category: OBJECTIVE PRESS
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In yet another bid to cool down prices, the government on Tuesday capped the export of sugar and allowed duty free import of 20 lakh tonnes each of crude soyabean and crude sunflower oil per annum during the current and next financial years. While the import duty changes are likely to bring more respite to consumers after Indonesia resumed the export of palm oil, the move on sugar is aimed at ensuring enough stock till the end of current sugar season in September and to meet the requirement till December.      



Author: AliensFaith
HighTech FinTech researcher, university lecturer & Scholar. He is studying his second doctoral degree at the Hague International University. Studying different fields of Sciences gave him a broad understanding of various aspects of life. His recent researches covered AI, Machine-learning & Automation concepts. The Information Technology Skills & Knowledge gave his company a higher position over other regional high-tech consultancy services. The other qualities and activities which can describe him are a Hobbyist Programmer, Achiever, Strategic Thinker, Futuristic person, and Frequent Traveler.

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