WORLD India extends sugar exports ban by 1 year

WORLD

India extends sugar exports ban by 1 year

Xinhua

19:37, October 29, 2022

Sacks of sugar stands stacked at a wholesale shop in Mumbai, India, Wednesday, May 25, 2022. (Photo: AP)

NEW DELHI, Oct. 29 (Xinhua) -- India has extended the ban on sugar exports by one year till October-end next year, an official at the Ministry of Commerce and Industry confirmed Saturday.

A notification in this regard was issued by the Directorate General of Foreign Trade (DGFT) Friday.

"The Central government hereby extends the date of restriction on export of sugar, including raw sugar, refined sugar and white sugar, beyond October 31 till October 31, 2023, or until further orders, whichever is earlier," said the DGFT notification.

It further added that this restriction is not applicable to sugar being exported to the European Union and the United States.

India is among the top sugar producers and exporters worldwide, according to a statement issued by the government earlier this month.

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