India Considering Sugar Export Ban Amidst Cane Yield Decline

New Delhi: India is considering banning sugar exports for the upcoming season due to poor monsoon rains, which have led to lower sugarcane yields.

The monsoon rains are crucial for sugarcane cultivation in India, and the decline in rainfall this year has led to yields falling up to 50% below the average. This has led to concerns about sugar production in the country, which is the world’s second-largest sugar producer.

A ban on sugar exports would help to ensure that there is enough sugar available for domestic consumption. However, it would also drive up global sugar prices, which are already high due to the war in Ukraine.

The Indian government is still considering its options, and it is not clear if a ban on sugar exports will be implemented. However, the possibility of such a ban has raised concerns about the impact on global sugar markets.