India caps sugar exports at 10 MT for first time in 6 years: Report
Image Credit: foxstoryindia
India has imposed restrictions on sugar exports for the first time in six years by capping this season's exports at 10 million tonnes, a government order said, to prevent a surge in domestic prices after mills sold a record volume on the world market, according to Reuters. The government has also asked exporters to seek its permission for any overseas shipments between June 1 and October 31, the order said.