India is likely to ban sugar exports during the upcoming season, starting October 1, government officials told Moneycontrol on September 28. A notification in this regard can be expected in the first week of November, they added.
The sugar season starts in October of a year and ends in September the next year.
After selling a record 11 million tonnes (MT) of sugar in 2021-22, India restricted the amount of exports during 2022-23 to ensure supply in domestic markets and keep a lid on prices.
“In the beginning of the 2022-23 sugar year, the government restricted sugar exports to around 6 MT. Even this quota is being eliminated with rising prices. Our main priority is to keep domestic
Source : Money Control