Highlights

Global sugar demand has seen a big uptick
A rise in the amount of sugar diverted to ethanol production has led to a deficit globally

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Sugar export under watch, may be capped by govt

Name: Sugar export under watch, may be capped by govt
Uploaded: 2022-03-25T12:55:17.000+05:30
Duration: T00M27S
Channel: EJ Biz Desk
Description: In an effort to keep sugar prices in domestic markets in check, the Modi govt may suspend or put a cap on export of the sweetener. India could export a record 7.5 million tonnes of sugar in the current marketing year,...

India is the world's second-biggest sugar producer

Updated: Sep 02, 2022 10:53

EJ Biz Desk

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Sugar export under watch, may be capped by govt

In an effort to keep sugar prices in domestic markets in check, the Modi govt may suspend or put a cap on export of the sweetener.

India could export a record 7.5 million tonnes of sugar in the current marketing year, nearly 25% more than the previous estimate as per reports. A rise in the amount of sugar diverted to ethanol production has led to a deficit globally

Sugar prices have increased by Rs 50/quintal in March over the previous month. However, they are still lower when compared to November and December levels.