Why India, world’s largest producer of sugar, has put the brakes on exports

News 31.05.2022

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)

Bookmark

Be the first to comment

Leave a Reply

Your email address will not be published.


*