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.