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The decision to ban the sugar export completely is officially made by the Government of India, with a plentiful domestic supply and control of soaring prices. The move is aimed at averting a shortage amid a higher demand for the domestic market given recent spells of bad weather, official sources said.
Ex-industry canvassers are concerned the ban may lead to a retail price increase for sugar in the coming months, which will have a direct impact on people or their food industries in the country. The cane growers and cane masters are split virtually in half, with the latter being hopeful that there is assured demand from within the country and the former holding fear of losing export business for their crop.
This is likely to help sugar prices in the internal market stay stable while having implications for India's sugar trade with the rest of the world. Consumers are warned of sharp fluctuations in the prices of sweets, beverages, and processed food. The government has guaranteed that there is enough stock for local use.




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