Government May Consider Sugar Export Subsidy on Thursday: Report

New Delhi: Subsidy for raw sugar exports could be considered at a Cabinet meeting on Thursday, a top government source said on Wednesday.

India is the world's second biggest producer of the sweetener.

Food Minister Ram Vilas Paswan said last week the government could give export incentives for 1.4 million tonnes of raw sugar as mills start distress sale to pay cane farmers.

The source also said the government had no immediate plans to export wheat from overflowing warehouses but could sell locally.