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June 4, 2023

India extends curbs on sugar exports till October 2023

India, the largest producer of sugar in the world, announced late on Friday that it had extended export limits for sugar by one year, to October 2023.

To prevent a spike in domestic prices after record exports, the south Asian nation banned exports till the end of this month in May.

According to government and industry officials, India is anticipated to generate a record sugar crop this year, which might allow New Delhi to permit exports of up to 8 million tonnes.

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