International Sugar Market Report 18th April 2017

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Government extends raw imports through June 30: The government has extended the deadline for import of 500,000 metric tonnes of raw sugar till June-end from the current June 12 timeline, according to the Press Trust of India newspaper. Earlier this month, the government had allowed import at zero duty to boost domestic supply with production expected to decline sharply to 20 million tonnes in the current 2016/17 marketing year from 25 million tonnes in the previous year. Sugar year runs from October to September.

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