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
Also read: India needs 108 mn ton of foodgrains a year to be distributed to the poor: Piyush Goyal