Bullish
Sugar prices surge to ₹70/kg in Kolkata amid export ban and supply concerns
In the past 24 hours, sugar prices in Kolkata have risen to ₹70 per kilogram, a ₹20 increase from the previous month, driven by a government-imposed export ban and concerns over domestic supply shortages. The Directorate General of Foreign Trade (DGFT) has prohibited exports of raw, white, and refined sugar until September 30, 2026, to manage domestic availability. This move has intensified worries about sugar shortages, leading to significant price hikes in the region.
Key points
- The Indian government has imposed an export ban on sugar until September 30, 2026, to ensure adequate domestic supply.
- Sugar prices in Kolkata have surged to ₹70 per kilogram, marking a ₹20 increase from the previous month, amid supply concerns.
- The DGFT's notification allows exports to the European Union and the United States under specific quota arrangements, indicating selective export permissions.
- The government has permitted the import of 1 million metric tonnes of duty-free sugar to bolster domestic supply, aiming to stabilize prices.
Sources
- Sugar stocks slide after Centre bans exports till September 2026Capital Market News · October 3, 2026
- Sugar prices soar to ₹70 per kg ahead of festive season in West BengalBusiness Standard · August 21, 2026
- Sugar Prices Surge Amid Heat Wave Across EU & UK And Harvest Delays In BrazilCommodity Corner · August 12, 2026
AI-generated from public news sources. Not financial advice.
