India extends restriction on sugar exports by a year
India has extended the limitations on the export of sugar by one year through October 31, 2023, according to a notification by the Directorate General of Foreign Trade.
India has extended the limitations on the export of sugar by one year through October 31, 2023, according to a notification by the Directorate General of Foreign Trade.
According to the DGCI&S data, India had exported sugar worth $1965 million in 2019-20, which rose to $2790 million in 2020-21 and $ 4600 million in 2021-22.
Mills have contracted to export the entire 6 million tonne sugar quota assigned by the food ministry in January this year, All India Sugar Trade Association (AISTA) said in a statement.
