Centre Allows Duty-Free Sugar Imports to Tame Rising Prices
What Happened
The Centre has allowed duty-free imports of up to 10 lakh tonnes of raw sugar under a tariff-rate quota until October 31, 2026. The move comes as domestic sugar prices have surged ahead of the festival season amid concerns over lower stocks and tightening supplies.
Key Takeaways
The government is acting to prevent a sharp rise in sugar prices during the festive season by boosting supply and discouraging hoarding, helping keep sweets and food products more affordable for consumers.