Sugar Exports

On Tuesday India imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes

Sugar industry body ISMA on Wednesday said the government's decision to cap sugar exports at 10 million tonnes in 2021-22 marketing year ending September will not have a significant impact

Analysts believe that the government's curb on 10 metric ton sugar exports would not cause a major impact as their expectation was lower than the limit for this year.

CLOSING BELL: The broader markets, meanwhile, bled more with the BSE SmallCap index sliding nearly 3 per cent, and the BSE MidCap index falling close to 2 per cent

Stock market live updates: Broader markets, too, rose in tandem as Nifty Midcap 100 and Nifty Smallcap 100 indices surged up to 1 per cent

While strong lobbying to reverse curbs is expected, share prices are seen hitting new 52-week lows before the new season rolls in

Edible oil industry criticises zero-tariff quota on soy and sun oil; palm imports could fall to an 11-year low.

Brokerage ICICI Securities believes this would not have any impact on sugar companies' fundamentals.

Move follows ban on wheat export to rein in inflation

However, it said that these restrictions would not be applicable on sugar being exported to the EU and the US under CXL and TRQ

India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices, potentially capping this season's exports at 10 million tonnes

The Centre has allowed an additional 2,051 metric tonnes of raw sugar to be exported to the US under the Tariff Rate Quota (TRQ) for the US fiscal year 2022.

Indian Sugar Mills Association (ISMA), in a statement, said the country's sugar output has risen to 34.23 mn tonnes till April of the current marketing year, from 30 million tonnes in year-ago period

Government says prices won't rise; closing stock levels seen among lowest in last 10 years

Sugar exports rise by 65% during FY22 alone, says Ministry of Commerce & Industry

India said on Wednesday that its approach to the Ukraine crisis remains to promote dialogue to end the conflict and mitigate economic distress for itself and for the world

Maharashtra, Uttar Pradesh and Karnataka are the top three sugar producing states in the country

Govt wants to ensure ample supply during festive season, say sources; sugar companies' stocks slide

India is considering restrictions on sugar exports for the first time in six years and may cap exports at around 8 million tonnes in an effort to prevent domestic prices surging

Sugar exports have jumped over 2.5 fold between October 2021 and February this year to 47 lakh tonnes on higher production and better demand of the Indian sweetener in the global market