Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

India reduces quota for exports of sugar amid strained global supplies

  • By Al Mayadeen English
  • Source: Bloomberg
  • 6 Nov 2022 14:02
2 Min Read

In New York alone, prices of raw sugar have jumped more than 6% since late October. 

  • x
  • India’s move to slash sugar export quota to tighten world supply
    India’s move to slash sugar export quota to tighten world supply

India's Ministry of Consumer Affairs said on Sunday that the government decided to reduce the quota for sugar exports for 2022-23 in a move to "prevent uncontrolled export of sugar" and to "ensure sufficient availability of sugar for domestic consumption at a reasonable price," a statement issued by the government read. 

Government led by PM @NarendraModi ji has issued guidelines along with mill-wise export quota for sugar season 2022-23.

This will boost India’s sugar ecosystem benefitting both sugarcane farmers & Industry. pic.twitter.com/MQiURVcI0Z

— Piyush Goyal (@PiyushGoyal) November 6, 2022

According to the statement, the government asked sugar mills to sell 60 Lakh Metric Tonnes, which equates to 6 million tonnes, in the global market by May 31, adding that the quota for 2021-22 totaled 11.2 million tons.

This move raises prompt concerns for the global market as the world is already struggling with the supplies of basic commodities. 

Brazil, which ranks among the top producers of sugar, has been facing serious climatic issues, which are causing the sugar cane crushing to be delayed. 

In New York alone, prices of raw sugar have jumped more than 6% since late October. 

It is possible that prices may increase further since India issued this announcement. 

Related News

Quad forms initiative to challenge China rare minerals control

US bill proposes 500% tariffs on nations trading with Russia

Earlier this week, it was reported that the government of India was considering authorizing the exports of sugar in different tranches: a first tranche of 6 million tons, and a second of about 3 million. The numbers will be relative to the pace of production.

Last year, the country implemented a series of strict regulatory measures to ensure sufficient local supply after output concerns.

The quota is expected to last until October next year.

But interestingly, the restrictions don’t apply to sales to the EU and the US under some quotas.

The Indian Sugar Mills Association forecasts the sugar output at 35.5 million tons this year.

Among its top clients are Indonesia, Bangladesh, Malaysia, and the UAE. India also ranks among the world’s biggest consumers of sugar.

Managing director of Meir Commodities India Pvt., Rahil Shaikh, said Indian sugar mills have already shrunk to export as much as 2.2 million tons, which traded about 500,000 tons of sugar in the domestic and overseas markets in the 2021-2022 season.

Read more: Indian anti-trust watchdog fines Google $162 million

  • India
  • sugar

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS