India halts sugar exports till Sept 30, 2026 to shield domestic supply
DGFT bans sugar exports until September 30, 2026, with carve-outs for EU/US quotas and Advance Authorization re-exports. Move follows 0.75 mt shipped of 1.59 mt permitted, with 2025-26 net output at 28 mt vs 26.1 mt prior. FMCG, confectionery and beverage input costs in focus.
What happened
Directorate General of Foreign Trade · India banned sugar exports until September 30, 2026 to protect domestic supplies and curb prices as global rates rebound,
Key facts
- 1.59 mt permitted exports 2025-26
- 0.75 mt shipped to date
- 28 mt net production 2025-26
- 26.1 mt previous season
- USc 16.2/lb CY2026 avg global price
Why this matters
Watch for distressed sugar mill assets or backward-integration plays as exporters lose 0.84mt of unutilized quota revenue, while FMCG acquirers may find better economics on India-anchored confectionery targets benefiting from the supply ring-fence.