Sugar stocks hit sweet spot after Cabinet's nod to export subsidy | Editorji
  1. home
  2. > business
  3. > Sugar stocks hit sweet spot after Cabinet's nod to export subsidy
replay trump newslist
up NEXT IN 5 SECONDS sports newslist
tap to unmute
00:00/00:00
NaN/0

Sugar stocks hit sweet spot after Cabinet's nod to export subsidy

Aug 29, 2019 13:21 IST

Sugar stocks are seeing trading favour after the government approved an export subsidy of Rs 6,268 crore  for 60 lakh tonnes of sugar. The decision was taken at a meeting of the Cabinet Committee on Economic Affairs headed by the Prime Minister. A lump sum export subsidy of Rs 10,448 per tonne will be given to sugar mills and the sugar export subsidy will go directly to farmer accounts.