The Indian government has banned sugar exports to control domestic prices and address production shortfall concerns. As the world's second-largest producer, India's decision is expected to drive up global prices for raw and white sugar. The ban stems from lower sugarcane yields in key states and fears of an El Niño-impacted monsoon. While 600,000 metric tons have already been shipped out of 800,000 contracted tons, the remaining exports face uncertainty. However, exceptions apply to cargoes already being loaded or those that reached ports before the notification. Global markets in New York and London have already seen price spikes following the news. https://tamil.abplive.com/news/india/india-has-imposed-an-immediate-ban-on-sugar-exports-until-september-30-2026-or-until-further-orders-260266 #creator program