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Government may ban the export of sugar, this decision will be taken for the first time in 7 years
Due to bad weather this year, the government may ban the export of sugar. Let us tell you that an increase in the inflation rate has also been registered in the last month. The reduction in the production of sugarcane in the country is believed to be the reason for this. Because of this, the government can take this decision. Let us tell you that 7 years ago the government banned the export of sugar.
The government can make a big decision regarding the export of sugar. The Government of India may ban the export of sugar starting in October. The government can order the sugar mills present in the country not to export sugar. If the government takes such a decision, then let us tell you that 7 years ago, the government banned the export of sugar.
This information has been received from Reuters. Let us tell you that the government has not yet taken any decision on this.
This year, due to unseasonal rains, the yield of sugarcane has come down. If India does not have a place in the global sugar market, then the benchmarks of New York and London will be directly affected. New York and London benchmark prices may increase. Let us tell you that for many years the price of sugar was at the highest level. Inflation in the global food markets may increase due to the ban on the export of sugar.
