India to limit sugar exports in new risk to global food pricesFILE PHOTO: Vendors load sugarcane onto a vehicle at a wholesale market in Kolkata, India, Oct 9, 2018. India is expected to produce 35 million tons this season and consume 27 million tons, according to the Indian Sugar Mills Association. An export halt is likely to have a significant impact on the global sugar market given India is a major producer and exporter. Once shipments hit 9 million tons, exporters will have to apply for permits to send the remaining 1 million tons, the person said. An estimated 7.1 million tons have been shipped as of end-April, and another 800,000 to 1 million tons are likely to be exported in May, the industry group said last week.

Source: Bangkok Post May 24, 2022 21:26 UTC