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

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