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India Raises Sugar Import Tax; Raw Sugar To Attract Import Tax

April 29, 2015 by · Leave a Comment 

(Reuters) – India has raised the import tax on sugar to 40 percent from 25 percent to help prop up falling local prices and protect local farmers who have not been paid by money-losing mills, the government said in a statement said on Wednesday.
India also slapped the tax on imports of raw sugar that refiners turn into whites, or refined sugar, to sell in world markets.
Five straight years of surplus output has led to a free fall in prices, hitting mills’ financials. Sugar mills owe about 201 billion rupees ($3.18 billion) to farmers.

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China’s March Exports Slump Fuels Fears Of Lowest Q1 Growth In 6 Years

April 13, 2015 by · Leave a Comment 

SHANGHAI — China’s exports fell by 14.6 percent in March, dashing predictions of a continuing rebound in the world’s second-largest economy.

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