date:May 31, 2022
In the latest global trade protectionist move, India has preemptively set a limit on its sugar exports at 10 million tons per year. Even though the government admits that prices of sugar are under control and have been for the last 12 months.
Indias government alleges that the lower sugar production in Brazil due to droughts may trigger the demand globally and, therefore, has set too many eyes on the countrys sugar stocks.
This forward-thinking export limit is different from other trade rest