Sugar Export: Inflation in the country is bad for the public. In such a situation, the central government is making every possible effort to control it. If seen, in the last one month, the central government had banned the export of basmati rice. On the other hand, due to rising onion prices, foreign exports (exports) imposed a rule of 40 percent more duty payable. Actually the reason behind this is inflation. The government is taking such steps to control it. In such a situation, now big news is coming regarding Chinese exports. If reports are to be believed, the central government may ban the export of sugar as well.
Unseasonal rain ruined the sugarcane crop
From green vegetables to pulses, spices, fruits prices are on fire in India. The main reason for this is that this time the crops of the farmers were first targeted by pests. After this, the unseasonal rains ruined the standing crops of the farmers. These crops include all types of crops including sugarcane, rice, tomato, potato. If seen in such a situation, this time the yield of these crops has also decreased. There were neither tomatoes in sufficient quantity nor apples in the fruits in the cold houses. In such a situation, it was bound to increase inflation.
Government of India can take a big decision regarding sugar export
The issue is not of inflation but of low yield. Explain that China and India are the two largest sugarcane producing countries in the world. It is not that only India and here are bearing the brunt of unseasonal rains. For information, let us tell you that this is the condition of some Dragon China. In such a situation, the central government can take a big decision regarding the export very soon so that the rate of sugar does not increase anywhere in the country. If sources are to be believed, such a decision regarding the Chinese ban was taken by the Government of India 7 years ago. Now there is news that such a decision may come in the new season starting in October. The thing to note in this is that if the Government of India takes such a step, it will have a direct impact on the global market.
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