Mumbai, May 14 -- The notification issued by the Directorate General of Foreign Trade (DGFT) said exports of raw sugar, white sugar and refined sugar under ITC (HS) codes 1701 14 90 and 1701 99 90 will remain prohibited till 30 September 2026 or until further orders.
Sugar stocks came under pressure following the announcement. Shares of major listed sugar companies including Ugar Sugar Works (down 1.56%), EID Parry (down 1.64%), Shree Renuka Sugars (down 1.69%), Balrampur Chini Mills (down 2.34%), Mawana Sugars (down 3.39%), Triveni Engineering & Industries (down 3.77%), Dalmia Bharat Sugar and Industries (down 3.98%) and Dhampur Sugar Mills (down 6.95%) declined.
India, the world's second-largest sugar producer, had earlier allowed expor...