India is preparing to restrict sugar exports due to lack of rainfall and rising food prices.
agricultural products
Sugar

India is preparing to restrict sugar exports due to lack of rainfall and rising food prices.

In India, there is consideration of restricting sugar exports due to minimal rainfall caused by the El Niño weather phenomenon. The shortage of rain may affect prices of sugar, legumes, and rice, increasing food inflation.

27 July 2024 27 July 2024

Currently, the government of India is considering the possibility of restricting sugar exports due to the adverse impacts of monsoon rains, as reported by the television channel ET Now, citing various sources.

Monsoons are crucial for the Indian economy, valued at 3 trillion dollars, as they provide about 70% of the required rainfall for irrigating agricultural lands and replenishing the country's water resources. However, this year's rainfall has been the lowest since 2018 due to the influence of the climate phenomenon El Niño. This phenomenon causes the warming of the water in the Pacific Ocean and typically leads to reduced rainfall in the Indian subcontinent region.

Such a precipitation deficit could lead to an increase in prices of products like sugar, pulses, rice, and vegetables, which in turn could contribute to rising food inflation.

Audio news of agriculture
Confirm
By continuing to use our site, you consent to the processing of cookies that ensure the proper operation of the site.
Accept all cookies