India May Ban Sugar Exports to Control Prices, Amid Concerns of Production Decline

OM Prakash
3 Min Read
Tongue Licking Lips Covered In Sugar

The Indian government may ban the export of sugar during the coming season. There may be a ban on the export of sugar during the sugar season starting from October 1. Sugar prices are continuously increasing in the country. In view of this, it is expected that a notification of a ban on sugar export will be issued during the first week of November.

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According To Whom The News Has Come

According to the news of Moneycontrol, on September 28, an official gave this information to the financial portal. The sugar season starts in October and ends at the end of September next year.

Government’s Priority To Control Sugar Prices

After selling a record 11 million tonnes of sugar in the year 2021-22, India imposed a ban on the export of sugar in the year 2022-23 so that the supply of sugar in the domestic market in the country remains uninterrupted and prices can be controlled. At the beginning of the sugar year 2022-23, the central government had restricted the export of sugar to about 6 million tonnes.

An official has said in the information given to Moneycontrol that the main priority of the government is to keep the prices of sugar under control. Hence, in view of the rising prices, further changes are being made to the quota of this export.

Sugar Production Has Fallen In Maharashtra and Karnataka

In the country’s top sugarcane-producing states, like the western state of Maharashtra and southern Karnataka, there has been less production in the sugar season this year due to below-normal rainfall. If we look at the sugar production figures till August this year, 50 per cent less production has been seen than the average production of sugar. This has happened because both the states of Maharashtra and Karnataka produce more than half of India’s total sugar output.

Improvement In Monsoon Conditions

However, during the monsoon season, the country has witnessed good rainfall conditions, and as a result of this, the sugar production, which was 10 per cent short on August 31, improved to only 5 per cent by September 25. Nevertheless, it can be assumed that the fear of a decline in sugar production in the country will remain.

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