Indian government moots sugar export restrictions, extending rice levies

• The Indian government is considering export curbs on sugar following poor monsoon rains, which have been the lowest since 2018 due to the disturbances from El Nino.
• The curbs are likely to begin in the upcoming season which began on 1 October, with quotas for overseas sales being issued if domestic supply improves.
• The monsoon rains are typically responsible for 70% of India’s agricultural and reservoir water demand. The El-Nino induced deficit risks distortions on agricultural supply of staples including sugar, rice, and vegetables.
• New Delhi is also considering an extension of the 20% export levy on parboiled rice, which was originally due to expire on 15 October.

External Link :

https://www.livemint.com/economy/india-set-to-restrict-sugar-exports-in-threat-to-global-supply-11697021021987.html

https://economictimes.indiatimes.com/news/economy/foreign-trade/india-set-to-restrict-sugar-exports-after-poor-monsoon-rains-sources/articleshow/104338214.cms

https://economictimes.indiatimes.com/news/economy/foreign-trade/india-mulls-extension-of-parboiled-rice-curbs-ahead-of-key-polls/articleshow/104344180.cms