The government on Wednesday again extended restrictions on sugar exports beyond October 31 this year, a move aimed at increasing the availability of the commodity in the domestic market during the festive season.
Earlier, the restrictions were imposed until October 31 of this year.
“Restriction on export of sugar (raw sugar, white sugar, refined sugar, and organic sugar) is extended beyond October 31, 2023. Other conditions will remain unchanged,” the directorate general of foreign trade (DGFT) said in a notification.
Nevertheless, it should be noted that these limitations will not apply to sugar intended for export to the European Union and the United States within the scope of CXL and TRQ duty concession quotas. A defined quantity of sugar is exported to these regions through CXL and TRQ (tariff rate quotas) mechanisms.
India holds the title of the world’s leading sugar producer and the second-largest sugar exporter. To export sugar, which falls under the restricted category, an exporter must obtain a license or government permission.
The government has been continuously monitoring the situation in the sugar sector, including production, consumption, exports, and price trends in wholesale and retail markets all over the country.