India may tighten sugar exports further
Mint Mumbai|May 08, 2023
The Union government may tighten the ban on sugar exports as falling production raises further fears of a price hike induced by a shortage.
Puja Das
India may tighten sugar exports further

In the beginning of 2022-23 sugar year (October-September), the government restricted sugar exports to 6 million tonnes, and so far, export contracts for 6.1 MT have been inked. The new plan involves restricting shipments of around 85,000 tonnes that are yet to leave Indian shores.

“About 6.02 million tonnes of sugar has already been dispatched, and the government may restrict sugar mills from exporting the remaining quantity of 80,000-85,000 tonnes," a government official aware of the development said. “Though prices of the sweetener have stabilized, the government is being vigilant amid a drop in production."

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