Sep 3 2009 10:01AM
NEW DELHI, Sept 3 (Reuters) - India has extended the deadline for duty-free raw sugar imports by nine months to December 2010, the Times of India newspaper reported on Thursday.
Earlier this year, India had allowed sugar mills to import raws until March 31, 2010 to meet domestic production shortfall.
A ministerial panel has accepted a proposal for deadline extension for raw sugar import to boost supplies, the paper said quoting a source in the government.
London-based International Sugar Organisation, in its latest quarterly report, raised its global deficit forecast to 8.4 million tonnes in 2009/10, sharply up from a previous prediction of a deficit of 4.5 to 5.0 million. [ID:nL2138534]
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