Balrampur Chini Mills, Bajaj Hindusthan & other sugar stocks decline as India bans export of sugar until September 2026

The Directorate General of Foreign Trade (DGFT) in a notification dated May 13 stated that the ban applies to raw sugar, white sugar and refined sugar. The government also amended the export policy from 'Restricted' to 'Prohibited'.

"This prohibition shall not apply to sugar being exported to the EU and the USA under CXL and TRQ quota...Export of sugar under the Advance Authorization Scheme (AAS) shall continue to be government as per existing provisions of the Foreign Trade Policy, 2023 and the Handbook of Procedures, 2023," the notification said.

The export, however, shall be allowed on the basis of permission granted by the government to other nations to meet their food security requirements and based on the requirements of their governments, it added.

The notification clearly mentions that loading of sugar on ships would be permitted if it had commenced before May 13 or the consignment had been handed over to the customs department before the publication of this notification.

The export will also be allowed where the "shipping bill has been filed and the vessel has berthed or arrived and anchored in an Indian port, with its rotation number allocated by the Port Authority, before the date of publication of this Notification in the Official Gazette."

"The approval of loading in such vessels shall be issued only after confirmation by the concerned Port Authority regarding berthing/anchoring prior to the notification," it said.