China News Service, May 25. According to Reuters, on the 24th local time, an Indian government source told the agency that India plans to limit sugar exports, which may be limited to 10 million tons this season.
Bloomberg said the move is intended to ensure sufficient stocks are in place before the next sugar season begins in October.
According to reports, India is the world's largest sugar producer and the second largest exporter after Brazil.
A spokesman for India's Ministry of Food and Commerce has not commented on the report.
Singapore's "Lianhe Zaobao" said that given that India is a large sugar producer and exporter, the suspension of exports may have a significant impact on the global sugar market.
Previously, in order to ensure sufficient domestic food supply, India announced a temporary ban on wheat exports on the 13th, and then relaxed some of the restrictions. Wheat goods that have been inspected by the customs and filed in the customs system on or before May 13 will be allowed to export.