India to restrict sugar exports

REUTERS: India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season’s exports at 10 million tonnes, a government source told Reuters yesterday.

India is the world’s biggest sugar producer and the second biggest exporter behind Brazil.

Reuters in March reported that India was planning to curb sugar exports to keep a lid on local prices and ensure steady supplies in the domestic market.