Sugar Export Ban: After banning the export of wheat, the Government of India is preparing to ban the export of sugar . Due to the rising prices of sugar in India, the government is considering banning its export. News channel 'Aaj Tak' has claimed this in a report quoted by Reuters.
Exports may be banned due to rise in domestic prices
According to the report, to stop the rise in domestic prices, the government may impose restrictions on the export of sugar. Last week itself, the export of wheat was banned in view of domestic needs. If the export of sugar is not banned, then it is quite possible that this season the export of sugar may be limited.
If export is not banned, then export may be limited
It is being said in the report that this season the government can limit the export of sugar to 10 million tonnes. Let us tell you that India is at number one in the world in terms of production of sugar. However, in terms of its export, it comes second in the world. Brazil exports the most sugar.
75 lakh tonnes of sugar was exported till May 18
If we look at the government data, we will find that till May 18, in the current marketing year ending in September, India has exported 7.5 million tonnes of sugar. In the year 2020-21, 70 lakh tonnes of sugar was exported. There has been a boom in the export of sugar in the last few years. India exported 6.2 lakh tonnes of sugar in the year 2017-18, while 38 lakh tonnes in the year 2018-19 and 59.60 lakh tonnes in the year 2019-20.
India's largest buyer of sugar
The biggest buyer countries of India's sugar include Indonesia, Sri Lanka, Bangladesh, Afghanistan, United Arab Emirates, Malaysia and African countries. Let us tell you that 80 percent of the sugar production in India is done in Uttar Pradesh, Maharashtra and Karnataka. Sugar is also produced in Bihar, Gujarat, Andhra Pradesh, Odisha, Madhya Pradesh, Tamil Nadu, Haryana and Punjab.