India, the world's number-two sugar exporter, is leaving the export market for years. That hands Brazil, already the biggest seller, a durable opening.
Commodities
Key Facts
—The exit. India, until recently the world’s second-largest sugar exporter, is expected to stay out of the export market for at least three years.
—The ban. India froze all sugar exports on May 14, 2026, after shipping only about 800,000 tonnes this season.
—The scale lost. India had averaged about 6.8 million tonnes a year, roughly a tenth of all the sugar traded across borders.
India likely won't export sugar for years as El Nino, ethanol squeeze supply
India likely won't export sugar for years as El Niño, ethanol squeeze supply
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