India Weighs Sugar Import Duty Cut to Curb Record Local Prices

India is considering cutting its sugar import duty as domestic sugar prices have surged to a record level. The policy review is aimed at easing price pressures, but the direction depends on final duty changes. Likely to be a medium-term support for supply in India while creating near-term uncertainty for global sugar trade flows.

Analysis

India is considering cutting its sugar import duty as domestic sugar prices have surged to a record level. The policy review is aimed at easing price pressures, but the direction depends on final duty changes. Likely to be a medium-term support for supply in India while creating near-term uncertainty for global sugar trade flows.