India bans sugar exports through Sept 2026 as closing stocks hit record-low 3.5-3.8 mt
DGFT halts sugar exports immediately to protect domestic supply, with exemptions only for EU/US quotas and Advance Authorization. ISMA flags 0.75 mt of unshipped contracts at risk despite 28 mt net production forecast. Closing stocks projected at just 1.5 months of demand.
India bans sugar exports immediately through September 30, 2026 to stabilize domestic prices, with exemptions for EU/US quota shipments and Advance Authorization Scheme. Closing stocks projected at record-low 3.5-3.8 mt; ISMA warns of contract honoring challenges.
Why this matters
The export ban locks in domestic sugar supply for FMCG and QSR cost lines, extending a recent pattern of supply-side interventions alongside the Centre's 16 measures and ₹2.55 lakh crore ECLGS 5.0 credit push.
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