Sugar industry wary of exports after subsidy reduction

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After the government reduced the subsidy provided on sugar exports from Rs 6,000 per tonne (Rs 6 per kg) to Rs 4,000 per tonne (Rs 4 per kg) this year, following improvement in international prices, the industry feels that the export of white sugar might not be viable without subsidy support if international prices dont firm up further in the next few months. The tight sugar supply situation in the global market has pushed up international prices to a 4-year high. This firmness is expected to continue for the next 3-4 months, as per a report.