Government extended the ban on export of sugar
Earlier the export ban was till 31st October, the decision was taken so that sugar does not become expensive in the country.
The central government has extended the ban on sugar exports till further orders. Directorate General of Foreign Trade (DGFT) issued a notification giving information about this. However, the new ban will not apply to sugar supplied to the EU and the US.
Last year, India kept sugar in the export ban category till 31 October 2023 to prevent uncontrolled exports and to ensure availability at reasonable rates. The government reviews the stock of sugar from time to time and ensures its adequate availability in the country.
The special thing is that this time the government has included raw sugar, white sugar, refined sugar along organic sugar in the export ban list. So that sugar cannot be exported in any way.
The Food and Agriculture Organization recently said in a report that sugar prices in the global market are at the highest level in 13 years. According to the report, due to El Nino in India and Thailand, sugarcane crop was also affected, the effect of which is visible on the prices of sugar.
