India, the world’s second-largest producer of sugar, has banned exports until the end of September, according to an official notice, as the government seeks to protect local supplies.
The move follows a cut in output estimates from a major millers’ group. India’s gross sugar production is now forecast at 32 million tons in the season ending Sept. 30, down from an earlier 32.4 million tons, the Indian Sugar & Bio-Energy Manufacturers Association said last month.