A fortnight after it banned wheat exports, India announced restrictions on the export of sugar to keep a lid on prices in the domestic market. This is the first time in six years that the Centre has placed a restriction on sugar exports. In an order issued by the Directorate of General of Foreign Trade (DGFT) earlier this week, the Centre said the export of sugar — raw, refined and white — will be placed under the “restricted” category from June 1 till October 31. The decision, the government said, was taken to maintain domestic availability and prevent a surge in prices amid rising global food and oil prices. (Read More)
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