Reuters revealed India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices and could cap this season’s exports at 8 million tonnes. Shares of more than two dozen listed Indian sugar producers fell as much as 7% reacting to the story, while London white sugar futures jumped to a 5-year high.
Business & FinanceDealsEconomy
Reuters reveals India to restrict sugar exports, cap of 8 million tonnes one option
25 March 2022, 5:15 am 1 minute
Article Tags
Topics of Interest: Business & FinanceDealsEconomy
Type: Reuters Best
Sectors: Business & FinanceFood & BeverageRedistributor & PartnersRetail & Consumer Goods
Regions: Asia
Media Types: Text
Customer Impact: Important Regional Story