India Bans Sugar Exports for Four Months to Protect Supply


The global market has been awash with supply, with benchmark sugar futures in New York reaching a five-year low in February this year. However, prices have recovered about 15% from those levels, and some analysts are now predicting a deficit in 2026-27. The war in Iran has also stoked global demand for biofuels, which some countries make from sugar. 



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