India won't allow new sugar exports to prevent domestic shortages

India, which vies with Brazil as the world’s biggest sugar producer, will not allow any more exports for now on concern that weaker production will threaten domestic supplies. 

The government has decided not to approve new sugar shipments after meeting with some cane officials from major producing regions this week, according to people with knowledge of the matter, who asked not to be identified as the information is private. That means there won’t be additional exports beyond the 6 million tons India has already allowed this season. 

The global sugar market has anticipated the move. Prospects for lower India exports sent