India cuts sugar export subsidy by 31%

India on Thursday cut sugar export subsidies by 31.4% for the season that ends on Sept. 30, according to a government order issued by the Ministry Of Consumer Affairs, Food And Public Distribution.
It is reported by Reuters.
Late last year, India, the world’s biggest sugar producer behind Brazil, approved subsidies of 5,833 rupees ($79.87) per tonne to encourage cash-strapped mills to e...