India bans sugar exports until September amid domestic supply concerns
In a move aimed at controlling domestic prices, India has imposed an immediate ban on sugar exports until end-September or until further notice. India's sugar production is reported to be down this year, with excessive rainfall during the last monsoon season impacting the crop's growth cycle. As one of the world's largest sugar producers, India's move is expected to have an impact on international prices, and could benefit major exporters Brazil and Thailand. Rebecca Bundhun reports from Mumbai.
In a move aimed at controlling domestic prices, India has imposed an immediate ban on sugar exports until end-September or until further notice. India's sugar production is reported to be down this year, with excessive rainfall during the last monsoon season impacting the crop's growth cycle. As one of the world's largest sugar producers, India's move is expected to have an impact on international prices, and could benefit major exporters Brazil and Thailand. Rebecca Bundhun reports from Mumbai.
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