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It is estimated that the sugar production in the state will go down by 17 lakh metric tonnes— from 105 lakh metric tonnes last year to 88.58 lakh metric tonnes in the coming season.
India has extended the restriction on the export of all varieties of sugar beyond October 31. The restriction does not apply to sugar being exported to the EU and the US under specific quotas. India, the second-largest sugar exporter, wants to ensure sufficient availability of sugar for domestic consumption. The country's sugar production is expected to fall by 3.3% in the 2023/24 season.
In May this year, the government had banned sugar exports with effect from June 1 till October 31, 2022 after the prices had surged exponentially.
In a statement, the government said that with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has been decided to regulate the sugar exports with effect from June 1.
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The Centre has placed a cap on the export of sugar under the "restricted" category which will be effective from June 1.