MUMBAI, Oct 19 (Reuters) - Shree Renuka Sugars,
India's biggest sugar refiner, restarted its 2,000 tonnes per
day plant at Haldia in West Bengal after a gap of nearly a year
to cash in on higher prices in the local markets, a senior
company executive told Reuters.
India, the world's biggest sugar consumer, currently imposes
a 10 percent duty on imports of raw and white sugar. However,
importing raw sugar for refining, and selling white sugar in the
local market is still viable, said Nandan V. Yalgi, an executive
director at the company.
"There is a little margin. Earlier it wasn't there," he said
The company on Tuesday started selling refined sugar through
NCDEX Spot Exchange Ltd and received good response from buyers
in eastern India, Yalgi said.
The company has sold 2,000 tonnes through the exchange so
far, he said.
(Reporting by Rajendra Jadhav; Editing by Gopakumar Warrier)