India has decided to limit the sale of sugar on international markets a few days after banning wheat exports. This was reported by the American TV channel CNN. The Indian government has limited sugar exports to 10 million tonnes during the marketing season, which runs until September, to keep prices under control. The sellers were also asked to obtain a "special permit" from the authorities for any sugar exports between June 1 and October 31. India is currently the world's largest sugar producer and the second-largest exporter after Brazil. The decision to limit exports comes at a time when annual retail inflation in Asia's third-largest economy has reached 7.8%, the highest level in almost eight years. It is also another sign of growing food protectionism around the world, as large producers restrict agricultural exports due to the effects of a full-scale Russian attack on Ukraine. In the current marketing year, which lasts from October 2021 to September 2022, Indian sugar factories have signed contracts to export about 9 million tons.
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India has decided to limit the sale of sugar on international markets a few days after banning wheat exports. This was reported by the American TV channel CNN. The Indian government has limited sugar exports to 10 million tonnes during the marketing season, which runs until September, to keep prices under control. The sellers were also asked to obtain a "special permit" from the authorities for any sugar exports between June 1 and October 31. India is currently the world's largest sugar producer and the second largest exporter after Brazil. The decision to limit exports comes at a time when annual retail inflation in Asia's third-largest economy has reached 7.8%, the highest level in almost eight years. It is also another sign of growing food protectionism around the world, as large producers restrict agricultural exports due to the effects of a full-scale Russian attack on Ukraine. In the current marketing year, which runs from October 2021 to September 2022, Indian sugar ...
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