India’s Rice Export Ban Sparks Concern That Sugar May Be Next
- Market worried that India may restrict or ban sugar shipments
- Sugar output in India and Thailand may drop on erratic weather
This article is for subscribers only.
After India banned some rice exports to control domestic prices, traders are worried another food staple could be vulnerable: sugar.
The world has become increasingly dependent on sugar exports from the South Asian nation as global supplies tighten. Uneven rainfall across India’s agricultural belts has stoked concern that sugar production will fall short, potentially dropping for a second straight year in the season starting October.