Govt to extend curbs on sugar exports by a year through Oct 2023

India is expected to produce record sugar crop this year, which could allow New Delhi to export up to 8 million tonnes, the government and industry official said this month.

File photo of workers loading harvested sugarcane onto a trailer in a field in Gove village in Maharashtra, India, 10 November, 2018 | Reuters

Mumbai: India, the world’s biggest sugar producer, has extended restrictions for sugar export by one year through October 2023, the government said in a notification late on Friday.

In May, the south Asian country restricted exports through the end of this month to contain a rise in domestic prices following records exports.

India is expected to produce record sugar crop this year, which could allow New Delhi to allow exports of up to 8 million tonnes, the government and industry official said this month. -Reuters