ANNOUNCEMENT 30 Sep 2015In September 2015, the government of India announced a change in financial export support.
NUMBER OF INTERVENTIONS
Top sugar producing state Maharashtra approves export subsidy: Sources
Maharashtra: Sugar mills to get export subsidy
Top sugar producing state Maharashtra approves export subsidy - source
According to numerous and consistent news reports, the Indian state of Maharashtra has approved a subsidy of Rs. 1000 per tonne (appx. USD 16*) of sugar exports. As per the reports, the subsidy is provided for the marketing year 2014-15 ending 30 September 2015 and will be available for up to 800,000 tonnes of sugar. In terms of sugar production, the state of Maharashtra is India's largest producer.
Apart from this state subsidy, the Indian government also provides an export subsidy on raw sugar (see related state act).
* INR to USD calculated as on 10 June 2015.
Due to a lack of comprehensive trade data for 2014, the affected trading partners have been identified based on UN Comtrade data from 2013.