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Industry welcomes levy of export duty on molasses

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Industry welcomes levy of export duty on molasses

The government’s order to levy 50% export duty on “molasses resulting from the extraction or refining of sugar” will make available more molasses for ethanol production, according to the India Sugar & Bio-energy Manufacturers Association (ISMA) M. Prabhakar Rao, president of the Association, said in a press release that almost 15 lakh tonnes of molasses, … Read more