New Delhi, Oct 31 (KNN) To keep a check on the domestic prices and its availability in the country, the central government has decided to further extend the ban on sugar exports by a year till October 31, 2023.

This move by the government is being seen as a step towards curbing rising food inflation.

“Restriction on export of sugar (raw, refined, and white sugar) is extended beyond October 31, 2022 till October 31, 2023, or until further orders, whichever is earlier. Other conditions will remain unchanged,” the Directorate General of Foreign Trade (DGFT) said in a notification dated October 28.

However, the restrictions won’t apply on sugar being exported to the EU and the US under CXL and TRQ duty concession quotas, the notification said.

A specified amount of sugar is exported to these regions under CXL and TRQ (tariff rate quota).

After the sugar prices had surged exponentially, the government in May this year had notified a restriction on exports till October 31, 2022.  (KNN Bureau)