Indian Sugar Exim Corp. to export 10,000 tonnes to EU

Mumbai: The Indian government has permitted a trade body to export 10,000 tonnes of sugar to the European Union (EU) in the year to September 2013, a government statement said on Wednesday.
State-owned Indian Sugar Exim Corp. Ltd is the designated agency for the exports under a preferential quota, according to the statement on a government website https:
Under a World Trade Organization rule, India annually exports 10,000 tonnes of duty-free sugar to the EU.

India, the world’s second biggest sugar producer, is set to produce surplus for a third straight year in a row in 2012-13 with production of 24 million tonnes, surpassing annual local demand of around 22.5 million tonnes. 

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