Lower output and sticky inflation may lead to India imposing a complete ban on sugar exports, which will lead to further hardening of global sugar prices.
Contrary to the market expectation of a reduced export quota, the Indian government is contemplating a sweeping ban on the export of sugar for the upcoming season, commencing October 1st. This is happening for the first time in the last seven years and will worsen global sugar price inflation. With the general election a couple
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