India bars sugar exports until September

Published
0
A worker arranges sugar bags in a net to load them onto a cargo ship at the Deendayal Port in Kandla, in the western state of Gujarat, India, September 25, 2024. — Reuters/File
A worker arranges sugar bags in a net to load them onto a cargo ship at the Deendayal Port in Kandla, in the western state of Gujarat, India, September 25, 2024. — Reuters/File

India, one of the world’s largest sugar producers, has banned exports of the key commodity until the end of September to ensure enough domestic supplies and prevent prices from rising.

The government prohibited exports “with immediate effect”, according to an order issued late on Wednesday, other than limited exceptions, including consignments already in the pipeline.

Exports under government deals for food security with other countries would also be allowed, the order said.

The ban will stay in place until September 30.

The move comes amid concerns that the country’s next sugar harvest, which starts around October, could be affected by a lower-than-average monsoon because of the El Nino weather pattern.

The US-Iran war has strained India’s economy, heavily reliant on Middle Eastern energy supplies and fertiliser imports, and has cast uncertainty over New Delhi’s growth outlook.

India’s sugar exports have fallen sharply since their peak in 2021-22, government data shows.

Shipments reached a record 11 million tonnes in 2021-22, but then declined to 6.3m tonnes in 2022-23.

They dropped steeply to 100,000 tonnes in 2023-24 before recovering modestly to about 900,000 tonnes in 2024-25.

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Muddled hierarchy
Updated 15 Nov, 2026

Muddled hierarchy

The jurisdiction of the two courts and a mechanism for settling disputes between them should be spelt out in law, not left to judges to fight over.
Growing crisis
15 Nov, 2026

Growing crisis

AN emergency can be judged by the speed with which it draws an effective response. The National Population Council’s...
Organised rackets
15 Nov, 2026

Organised rackets

ON the International Day against Transnational Organised Crime, observed today, Pakistan finds itself in a tight...
Referendum talk
Updated 14 Nov, 2026

Referendum talk

Unless the PPP is deliberately using Sindh as a bargaining chip, it should issue a clarification with a clear, consistent position on new administrative units, not one tailored to protect its home turf.
Mineral wealth
Updated 14 Nov, 2026

Mineral wealth

Minerals should not be presented as a solution to Pakistan’s long-term economic difficulties. The aim should be to build an industrial base rather than export raw materials.
Late diagnosis
14 Nov, 2026

Late diagnosis

AS we mark World Diabetes Day today, Pakistan faces a troubling question: how many people are living with diabetes...