Why India has imposed 50% export duty on molasses?
Shortpedia
Content Team
Image Credit: newsbytes
In the wake of a sugarcane shortage due to unpredictable monsoon rains, the Indian government has imposed a 50% export duty on molasses, a sugarcane by-product. The move aims to balance supply and demand and ensure domestic availability. Earlier, sugar industry associations had requested export restrictions on molasses after a proposal from the food department.
