India lifts curbs on sugar export, allows overseas sales of 1 mn tonne till Sept

Sugar is an essential item under the government’s classification of commodities and is a controlled item.

NEW DELHI:

India on Monday lifted curbs on sugar export, allowing millers to ship one million tonnes of the sweetener till September this year as forecasts predict robust harvests.

The move will help mills in the world’s second-biggest producer of the item, next only to Brazil, to export surplus stocks, which will support local prices.

“This (decision) ensures price stability, supports 5 crore farmer families, 5 lakh workers, and strengthens the sugar sector,” said food minister Pralhad Joshi in a post on X.