India Set to Impose Sugar Export Ban Due to Weather Challenges

Agriculture – India likely to ban sugar exports

Agriculture – India likely to ban sugar exports

Recent reports suggest that India is likely to ban the export of sugar for the first time in seven years in the upcoming season starting in October, following lower rainfall and weaker yields. If officially announced, this would push global prices higher. Recent statements from government officials highlight concern that there is not enough sugar to allocate for export quotas, as patchy rain will likely weigh on output over 2023/24 and could also see reduced planting for 2024/25. India allowed mills to export 6.1mt of sugar over the current 2022/23 season, after letting them export a record 11.1mt in 2021/22.

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Topics

india agriculture output global prices export quotas government officials export ban Sugar exports Lower rainfall Weaker yields Patchy rain Planting 2023/24 2024/25 Sugar mills Allocation Record exports.