India Bans Sugar Exports...

With India imposing a complete ban on sugar exports until September 30, 2026, after the Directorate General of Foreign Trade changes the export status from “restricted” to “prohibited" on 13 May 2026, and the move which aims to protect domestic food prices as wholesale inflation surges to a 42-month high amid rising crude oil and logistics costs linked to the Strait of Hormuz crisis. Global sugar markets reacted immediately today, with prices rising sharply as international buyers become increasingly dependent on Brazil and Thailand. Concerns are also growing that shipping congestion or weather disruptions in Brazil could trigger a wider global sugar supply crisis.

Friday, 15 May, 2026