scorecardresearchSugar stocks trade lower on the second day after Govt restricts exports

Sugar stocks trade lower on the second day after Govt restricts exports

Updated: 25 May 2022, 01:01 PM IST
TL;DR.
India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices. Further, the government exempted customs duty and the Agri cess on importing 2 million tonnes of soybean and sunflower oil per year. 
India is the world's biggest sugar producer and the second biggest exporter behind Brazil. 

India is the world's biggest sugar producer and the second biggest exporter behind Brazil.