India bans sugar exports

India, the world's second-largest sugar producer and a significant exporter, has banned sugar exports with immediate effect until September 30, 2026, or until further orders. This decision, announced by the India — Directorate General of Foreign Trade, aims to stabilize domestic sugar prices and ensure adequate supply within India, especially amid concerns over lower production due to weakening cane yields and potential El Nino weather disruptions. The ban applies to raw, white, and refined sugar, though exemptions are made for exports to the European Union and the United States under specific quota schemes, as well as for consignments already in the export pipeline. The move is anticipated to impact global sugar markets by tightening supply and supporting prices, while simultaneously opening up export opportunities for other major producers such as Brazil and Thailand.