[1/2] Sugar mill workers load harvested sugar cane in a tractor trolly in Sangli district, in the western state of Maharashtra, India, December 3, 2022.
India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, after letting them sell a record 11.1 million tonnes last season.
In 2016, India imposed a 20% tax on sugar exports to curb overseas sales.
Patchy rains would cut sugar output in the 2023/24 season and even reduce planting for the 2024/25 season, an industry official, who declined to be named, said.
The recent increase in sugar prices eliminates any possibility of exports," said another government source.
Persons:
Rajendra Jadhav, Mayank Bhardwaj, Barbara Lewis
Organizations:
REUTERS, Rights, Thomson
Locations:
Sangli district, Maharashtra, India, Rights MUMBAI, DELHI, New York, London, Karnataka, New Delhi, Mumbai, Thailand, Brazil