Perspective on India Limit Sugar Export By Mr. D.R.E Reddy, CRCL LLP
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Below is Perspective on India Limit Sugar Export By DRE. Reddy, CEO and Managing Partner at CRCL LLP
"The Indian Government's decision of limiting the export of sugar to 10 MT is not very surprising. The move comes on the backdrop of rising inflation and is made to keep on the rising domestic food prices. This decision is in line with the centre's decision of limiting the export of wheat. This decision will impact the global sugar supply as India is the second-largest exporter of sugar after Brazil.However, it is too soon to say if this restriction will have an impact on the pricing in India".
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