New Delhi, May 9 -- India's government said on Wednesday it needs several more months to decide whether to allow sugar exports this year as it assesses domestic supply and demand.
The world's second largest sugar producer after Brazil has banned exports since June 2022 to maintain domestic stocks and boost ethanol production.
It is still early days, said Sanjeev Chopra, India's Secretary of Food and Public Distribution. He noted exports likely won't resume until the government ensures enough sugar for local consumption for at least two and a half months, plus sufficient supply for the ethanol program, which is a clear priority, reported ET.
India's sugar mills want to export 2 million tonnes this season to boost revenues. But the Ind...