India to export additional 4,124 tonnes of raw sugar
New Delhi: India will export 4,124 tons of raw sugar to European Union in addition to the 10,309 tons already exported to the bloc, out of free sale portion of 2007-08 season's production.
The government had allowed export of 10,309 tons of raw sugar in October 2007 through Delhi-based Indian Sugar Exim Corporation (ISEC). In a separate notification, the government has also allowed export of 10,000 tonnes of white sugar to the 27-nation bloc for July-June 2008-09. ISEC is the designated agency for the export of sugar to EU under preferential quota, it added.
Chilli output may miss target, prices likely to soar
New Delhi: The chilli production in the country is likely to miss not only the projected target of 12 lakh tons in 2007-08, but it could be below the last year's level as well, as untimely rain has damaged 20-25 per cent of the crop, sources in Spices Board said. Market analysts who have pegged the loss at 15-20 per cent due to the rain said below-than-expected output could send the prices soaring in near-term.
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