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To: Tenchusatsu who wrote (1416108)8/24/2023 3:27:25 PM
From: Brumar89  Read Replies (1) | Respond to of 1583982
 
After Trump , yes.



To: Tenchusatsu who wrote (1416108)8/24/2023 3:58:52 PM
From: Wharf Rat1 Recommendation

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pocotrader

  Respond to of 1583982
 
#BrandonDidThis

India Bans Sugar Exports in Face of Drought, Rising Food Prices | Climate Denial Crock of the Week (climatecrocks.com)

August 24, 2023



Rice, onion exports already limited, now India moves to limit sugar exports in face of drought pressure.

Reuters:

India is expected to ban mills from exporting sugar in the next season beginning October, halting shipments for the first time in seven years, as a lack of rain has cut cane yields, three government sources said.

India’s absence from the world market would be likely to increase benchmark prices in New York and London that are already trading around multi-year highs, triggering fears of further inflation on global food markets.

“Our primary focus is to fulfil local sugar requirements and produce ethanol from surplus sugarcane,” said a government source who asked not to be named in line with official rules. “For the upcoming season, we will not have enough sugar to allocate for export quotas.”

India allowed mills to export only 6.1 million tonnes of sugar during the current season to Sept. 30, after letting them sell a record 11.1 million tonnes last season.

Monsoon rains in the top cane growing districts of the western state of Maharashtra and the southern state of Karnataka – which together account for more than half of India’s total sugar output – have been as much as 50% below average so far this year, weather department data showed.

Patchy rains would cut sugar output in the 2023/24 season and even reduce planting for the 2024/25 season, an industry official, who declined to be named, said.