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5-After Rice Export Ban, Speculations On Ban On Sugar Exports Grow

Following the ban on the export of non-basmati white rice by India in order to control prices, there is growing speculation that sugar exports may be similarly restricted. Since April, a decline in production has raised concerns about a ban on the sweetener's export. As reported, the uneven rainfall across India's agricultural belts has fueled worries that sugar production will fall short and decline for a second straight year. <br><br>

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5-After Rice Export Ban, Speculations On Ban On Sugar Exports Grow

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  1. After Rice Export Ban, Speculations On Ban On Sugar Export After Rice Export Ban, Speculations On Ban On Sugar Exports Grow s Grow Following the ban on the export of non-basmati white rice by India in order to control prices, there is growing speculation that sugar exports may be similarly restricted. Since April, a decline in production has raised concerns about a ban on the sweetener's export. As reported, the uneven rainfall across India's agricultural belts has fueled worries that sugar production will fall short and decline for a second straight year. The country's capacity for exporting will be constrained by the output shortfall. The government has already imposed restrictions on the export of some varieties of rice and wheat, making it abundantly clear that there are worries about rising food and inflationary costs. Indi India’s Rice Export Policy Changes a’s Rice Export Policy Changes On 20th July 2023, the Indian Government announced a ban on the export of non-basmati white rice in order to stabilize the volatile retail prices in the nation. According to the government, the objective of the export ban was "to ensure adequate availability of non-basmati white rice in the Indian market and to allay the rise in prices in the domestic market." Unexpected weather changes, such as heavy monsoon rains in rice-producing states in the north and deficit rainfall in other regions of the country, had a negative impact on the nation's rice production. A majority of the rice exported from India, the world's top exporter of this grain, is non-basmati white rice, which accounts for about 25% of all exports. Although the ban on rice will keep domestic prices in check, it has raised concerns about further global food market inflation.

  2. Sugar Output In India Sugar Output In India According to Mr. Aditya Jhunjhunwala, president of the Indian Sugar Mills Association (ISMA), the states that grow sugarcane, like Maharashtra and Karnataka, experienced crop stress in June due to insufficient rainfall. A water crisis is being faced in Pune, a sugar hub in Maharashtra, due to a shortage of rains that is expected to affect sugarcane growth. Despite a 3.4% decline in sugar output from last year, the supply is expected to meet domestic demand. India is also planning to use more sugar for biofuel, with farm groups estimating that mills will divert 4.5 million tonnes to make ethanol, a 10% increase over last year. The value of the nation's sugar exports during the 2022–23 fiscal year reached a record $5,770.64 million, up from $4,602.65 million the previous year. During the sugar season of 2021–2022, sugar exports reached a record 110 lakh tonnes. Predictions For Predictions For Sugar Export Policy Sugar Export Policy Since India is the world's largest producer of sugar and the second-largest exporter after Brazil, a ban on the substance could threaten global food security. Mr. Henrique Akamine, head of sugar and ethanol at Tropical Research Services, said that the government's decision to ban rice exports is a clear indication that it is concerned about food security and inflation. He continued, "The concern right now is that the government will probably follow suit and take similar action regarding sugar. Additionally, earlier in April, reports indicated that India would prohibit the sweetener's export. The ban on sugar exports will not be new because India set a limit on shipments in the 2022–2023 season at 6.1 million tonnes, down from 11 million tonnes the year before. According to reports, India usually decides how much sugar to export before the start of the new marketing year on October 1. As per a government official in June, “It takes at least a few months in any sugar season to get a clear idea regarding production, and that’s why we will wait until there’s an absolutely clear idea about the production.” Concerns about the export ban also arise at a time when food inflation in the nation increased to 4.49% in June from 2.96% in May. If you are a sugar importer wishing to buy sugar in bulk or a sugar exporter in india willing to export bulk sugar, then Tradologie.com is the right platform for you. Tradologie is a SAAS platform that facilitates bulk agro-trade across the globe. Through Tradologie’s interface, buyers can avail the best qualities of agro-commodities at negotiable rates. The transaction oriented platform has 600,000+ verified buyers and about 70,000+ registered sellers of agro-commodities from over 150 countries. To register as a buyer, click here. To register as a seller, click here. To stay updated with the latest happenings in the agro-trade industry, follow Tradologie.com across all social media channels.

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