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Government Halts Sugar Exports With Immediate Effect Until September 30
India Sugar Export Ban: The Indian government has banned exports of raw, white, and refined sugar with immediate effect to ensure domestic availability and control rising prices. The restriction will remain in force until September 30 or further notice. Existing quota-based exports to the European Union and the United States will continue under current arrangements. The move comes amid concerns over weak sugarcane yields and possible monsoon disruptions linked to El Niño conditions. India had earlier allowed exports of 1.59 million tons, but lower production expectations prompted the policy reversal. Following the announcement, global sugar prices rose sharply in both New York and London markets.
The government of India has imposed an export ban on sugar from Wednesday with immediate effect. This ban will continue either until September 30 or till further orders. This is being done so as to ensure that there is enough supply of sugar within the country and also to regulate sugar prices.
This decision has been made by Directorate General of Foreign Trade, which is the part of the Ministry of Commerce & Industry. The export ban is applicable to raw sugar, white sugar, and refined sugar. Sugar will be considered as a prohibited good under the new policy. It was stated by the government that the ban on exporting sugar doesn’t apply to the European Union and the US.
According to a Reuters report, India has imposed the sugar export ban to control local prices. This move could support global white and raw sugar prices. This will allow rival producers like Brazil and Thailand to send more shipments to Asian and African buyers. India is the world's largest sugar exporter after Brazil.
