Centre may impose blanket ban on sugar export in the wake of rising prices

Govt plan follows less-than-expected production in 2022-23 season

Sanjeeb Mukherjee New Delhi
sugar, export

Photo: Bloomberg

Listen to This Article

The Centre is likely to impose a blanket ban on sugar export in the wake of rising prices after lower-than-expected production in the 2022-23 season, which started in October, sources said.
According to the existing quota, mllers are allowed to sell about 6 million tonnes of sugar in the 2022-23 crop marketing year (October to September), as against 11 million tonnes last season. About 5.8 million tonnes have already been shipped out of the country, while the remaining is in transit.
Earlier this month, the Centre raised the quantum of sugar that mills can sell in the open market to ensure better supplies.

Also Read

Decent upside in select sugar stocks as business prospects turn sweeter

Sugar industry MSME margins hit by flat product prices: CRISIL SME TRACKER

Renuka, EID Parry: Sugar stocks to sweeten as global prices hit 11 yr-high

Podcast: What will guide oil prices in 2023?

Sugar rush: Ex-mill prices up nearly Rs 150-200 per quintal in a month

India's core sector growth slows to five-month low of 3.6% in March

Strategic Trade Dialogue: India, US discuss dual-use export controls issue

Eight core sector industries post 3.6% growth in March; slowest in 5-month

At $584.25 billion, forex reserves ease from over nine-month highs

National Pension System scheme: PFRDA issued guidelines for exit request

First Published: Apr 28 2023 | 10:57 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to