India may ban sugar exports – Reuters  ...News

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India may ban sugar exports – Reuters 
The move could drive up global prices and trigger inflation in the food markets, the outlet has said  India is considering a ban on exports of sugar for the first time in seven years following diminished cane yields affected by heat and a lack of rain, Reuters reported on Wednesday, citing government sources.  The country is the world’s second-largest sugar exporter behind Brazil, according to the International Sugar Organization, and the largest consumer and producer of the product. This season, however, the country has only exported 6.1 million tons compared to the record 11.1 million tons in the 2021-22 season.

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