India could impose restrictions on the export of sugar next year due to elections, despite a surplus in domestic market supplies, the chief executive of Shri Renoka Sugar Company said.
In an interview with Bloomberg, Atul Chaturvedi said politicians could err on caution, banning the export of sugar, at least in the fourth quarter of this year and the first quarter of next year.
India will not be an important source of sugar for the foreseeable future after it reaches the limit, which should maintain relatively global sugar price support, and Shri Renoka’s ethanol production could rise to 300 million litres per year in the current year compared to 200 million litres a year earlier.
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