Another ban in the US after the ban on rice?
India may for the first time in seven years restrict sugar exports, according to mounting rumors. However, the Indian Sugar Mills Association (ISMA) hinted that a decision would be reached shortly.
According to reports, India is a significant worldwide producer of sugar, and any suspension of exports might have an impact on the already high prices in trading centers like New York and London. However, the Indian community is unlikely to be impacted in any way by this.
The Indian population living in the US has experienced severe concern due to the US's recent prohibition on rice exports. However, things quickly returned to normal since there was no shortage of rice in the US and ample supplies were already on hand. The grocery retailers greatly profited from this fear and sold rice at sky-high prices for the brief three-week timeframe.
The sugar export ban allegations may be a further effort to sow fear, but they may not have the same effect since Indians often don't consume Indian-brand sugar in nations like the US.
Although the restriction may result in higher food costs, its impact on Indians living in the US is anticipated to be less severe than that of the rice embargo.
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