Government of India has decided to impose 50 percent duty on the export of sugarcane powder. A government statement said that this decision will be effective from January 18.
US broadcaster CNBC reported that such a decision by the Indian government will put pressure on sugar and other sugar-based sweets. As a result, the use of ethanol mixture will increase.
Earlier, in a conversation with CNBC-TV18 on December 29, Atul Chaturvedi, CEO of Shree Renuka Sugar, a company that produces ethyl alcohol, said that India supplies 25 percent of the powder that is exported around the world. The government should now seriously consider exporting gunpowder. Earlier, the government banned the export of sugar.
India exports the most flour to Thailand, the Netherlands, South Korea, the United Kingdom and the Philippines. Generally, these powders are exported from the states of Maharashtra, Gujarat and Karnataka.
Earlier in August last year, India imposed a 20 percent duty on parboiled rice exports. In addition, the Indian government banned the export of wheat in the previous month.