India just nuked its sugar export sector
Third largest sugar exporter in the world, and the government just banned exports until September 2026. No debate. No consultation. Just killed it.
This is what happens when policy gets made by people who don't actually understand economics or give a shit about the workers involved.
INDIA STATES SUGAR EXPORTS ARE BANNED WITH IMMEDIATE EFFECT UNTIL SEPTEMBER 30, 2026, OR UNTIL FURTHER NOTICE, WHICHEVER COMES FIRST – GOVERNMENT ORDER
India's government imposed a blanket export ban on sugar through 2026, destroying a major export sector with zero forewarning or apparent economic rationale.
Source
x.com