In order to check falling prices of sugar in domestic markets and enable mills to clear mounting cane arrears of about Rs 20,000 crore, the government is planning to hike sugar import duty to 40% from the current 25%. In August last year, import duty on both raw and refined sugar was raised to 25% from 15% to bail out the cash-starved sugar industry.
A meeting of informal group of ministers, headed by Food Minister Ram Vilas Paswan decided to recommend a hike in import duty of sugar. A consensus also emerged on the issue of creating buffer stock, restructuring of loan, promotion of ethanol output, export subsidy on white sugar among others to help solve the current crisis faced by farmers and millers.
Sugar industry is finding difficulty in paying cane price to farmers as mills have been incurring losses for the last few years due to low realisation and high cost of production.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: