Tridge summary
The Indian government has extended restrictions on the export of sugar due to concerns about weak monsoon and domestic production. These restrictions will not apply to sugar being exported to the European Union and the US under certain concessions. In addition, India has permitted the export of 10,34,800 tonnes of non-basmati white rice to seven countries, including Nepal, Cameroon, and Malaysia.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
The government has extended restrictions on export of all varieties of sugar - raw, white, refined and organic - beyond October 31 owing to domestic production concerns on weak-monsoon worries. At present sugar is on the restricted list till October 31. However, the food ministry has been allowing the industry to export certain quantities depending upon availability. However, these restrictions will not be applicable to sugar being exported to the European Union and the US under CXL and tariff rate quota (TRQ) concessions. A specified amount of sugar is exported to these regions at lower tariffs.Non-basmati rice India on Wednesday permitted the exports of 10,34,800 tonnes ...
Source: Economic times
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