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New Delhi. The Central Government has banned sugar exports till 30 September 2026. The Directorate General of Foreign Trade (DGFT) has taken this decision to control sugar prices in the domestic market and ensure supply. Let us tell you that the government has taken this step to maintain the availability of sugar in the country and control its prices.

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Amid US-Iran tensions and the global situation, the government fears that pressure may increase in the international market, which may affect prices in India as well. However, the consignments whose shipment process has already started will be allowed to be exported subject to certain conditions.

Why ban on sugar export from India?

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A notification in this regard has been issued by the Directorate General of Foreign Trade under the Ministry of Commerce and Industry. According to this, this ban applies to raw, white and refined sugar. By changing the policy, the government has placed sugar in the prohibited category. The government said the ban will not apply to sugar exports to the EU and the US under existing tariff-rate quotas and arrangements.

Opportunity to send more shipments to buyers

According to Reuters report, India has banned sugar exports to control local prices. This step of the government may support global white and raw sugar prices. This will give rival producers such as Brazil and Thailand the opportunity to send more shipments to Asian and African buyers. India is the world’s largest sugar exporter after Brazil.

Next season’s production below initial projections?

It is noteworthy that the Central Government had earlier given permission to export 1.59 million tonnes of sugar to the mills. But now production is expected to be less than consumption for the second consecutive year. Sugarcane production has weakened in major sugarcane producing areas. El Nino weather conditions may disrupt this year’s monsoon. This has increased the risk of next season’s production being less than initial estimates.

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Current status of production and exports

Of the 1.59 million tonnes approved for export, traders had placed contracts for about 800,000 tonnes. Of this, more than 600,000 tonnes of sugar has already been dispatched. The government has said that there will be a ban on the export of raw and white sugar. However, shipments already in the export pipeline will be allowed to proceed under certain conditions.

Ban rules and market impact

If loading had started before the publication of the notification in the Official Gazette, the consignments will be permitted. If the shipping bill was filed and the vessel had already reached the Indian port, export would still be permitted. The shipment will still be cleared if the sugar was handed over to Customs or Custodian before the publication of the notification. A Mumbai businessman said that due to the additional export quota given in February, traders will now face difficulty in fulfilling export orders. New York raw sugar futures rose more than 2 percent after the ban was announced, while London white sugar futures jumped 3 percent.

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