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

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.