India is the world’s second largest sugar exporter after Brazil.
NEW DELHI: India said it has capped sugar exports to safeguard its own supplies and ease inflation, days after a ban on wheat shipments sent global prices soaring in the wake of the Ukraine war.
The world’s largest sugar producer and number two exporter after Brazil said on Tuesday that shipments would be limited to 10 million tonnes for the current marketing year to September.
The decision was taken “with a view to maintain the domestic availability and price stability during the sugar season,” the food ministry said in a statement.
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