Inflation alert: Sugar export ban extended by Centre till October 31, know why
Following an exponential rise in price, the government banned sugar exports with effect from June 1 to October 31, 2022.
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Following an exponential rise in price, the government banned sugar exports with effect from June 1 to October 31, 2022.
The south Asian country restricted exports through the end of this month in May to contain a rise in domestic prices following record exports.
Exports of excess sugar would also support the preservation of domestic sugar prices, improving the mills' liquidity position.
In late May, the Centre had decided to cap sugar exports at 10 million tonnes in the 2021-22 marketing year (October-September) to maintain domestic availability and price stability.
The government had imposed curbs on sugar exports beyond 10 MMT from 1 June to boost local availability