India extended its curbs on sugar exports beyond Oct. 31, according to a notification from the Directorate General of Foreign Trade on Wednesday, a move that is likely to tighten global supplies.
(Bloomberg) — India extended its curbs on sugar exports beyond Oct. 31, according to a notification from the Directorate General of Foreign Trade on Wednesday, a move that is likely to tighten global supplies.
India introduced a quota system in 2022-23 and restricted sugar exports to about 6 million tons after late rains reduced production, compared with an unrestricted 11 million tons a year earlier.
Read More: India Set to Restrict Sugar Exports in Threat to Global Supply
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