Govt eases sugar export norms, allows mills to sell abroad till the end of current season.

India relaxed rules on sugar exports on Wednesday, allowing mills to sell abroad until the end of the current season in a move that could further drag down benchmark sugar prices. In the measures announced on Wednesday, the government also said that millers that export sugar this season would be allowed duty-free imports of raw sugar for the following two seasons through September 2021. India is likely to produce a record 29.5 million tonnes of sugar in the 2017/18 season ending on 30 September, up 45% from the previous year.