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The Financial Express

India extends curbs on sugar exports by a year through Oct 2023

| Updated: October 29, 2022 16:49:22


Workers harvest sugarcane in a filed in Gove village in the western state of Maharashtra, India, Nov 5, 2018REUTERS Workers harvest sugarcane in a filed in Gove village in the western state of Maharashtra, India, Nov 5, 2018REUTERS

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 record 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.

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