India, likely to ban sugar exports - Global

India, more likely to ban sugar exports – World

News By Aug 24, 2023 No Comments

India is more likely to ban the export of sugar within the subsequent season ranging from October.

In accordance with Indian media experiences, India is ready to ban sugar exports for the primary time in 7 years and mills are anticipated to be banned for the season beginning in October.

It ought to be famous that as a result of lack of rain in India, the manufacturing of sugarcane has additionally decreased.

A ban on Indian sugar exports might push up international costs and doubtlessly result in inflation in international meals markets.

India’s sugar manufacturing could decline by 3.3% to 31.7 million tonnes within the upcoming 2023/24 season.

In accordance with Indian authorities sources, their major focus is to satisfy native sugar necessities and produce ethanol from surplus cane and they won’t have sufficient sugar allotted for export quota for the approaching season.

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