Centre may impose blanket ban on sugar export in the wake of rising prices

Govt plan follows less-than-expected production in 2022-23 season

The Centre is likely to impose a blanket ban on sugar export in the wake of rising prices after lower-than-expected production in the 2022-23 season, which started in October, sources said.

According to the existing quota, mllers are allowed to sell about 6 million tonnes of sugar in the 2022-23 crop marketing year (October to September), as against 11 million tonnes last season. About 5.8 million tonnes have already been shipped out of the country, while the remaining is in transit.

Earlier this month, the Centre raised the quantum of sugar that mills can sell in the open market to