Sugar export ban to free up 4-5 lakh tonne for domestic use

India has banned sugar exports until September 30. This move aims to increase domestic availability by 4-5 lakh tonnes. The decision is a response to El Nino concerns and potential impacts on future production. While boosting buffer stocks, the ban may affect sugar mill owners' short-term finances. Overseas demand had recently surged, but this ban redirects those supplies inward.