date:Jan 18, 2013
finers, seeking to profit from a slump in global prices, have contracted to import about 919,000 tons of raw sugar since Oct. 1, including about 190,000 tons for sale in the local market, said Abinash Verma, director general of the New Delhi-based association.
Mills want the government to raise the import tax on white and raw sugar to 60 percent from 10 percent to prevent inflows, Srinivaasan said. Mills are losing as much as 4 rupees on every kilogram (2.2 pounds) sold in Uttar Pradesh and Mah