The government will continue its curbs on overseas shipments of the sweetener beyond October 31, according to a notice from the Directorate General of Foreign Trade on October 18.
While the U.S. government has taken some steps to block such imports, neither the British government nor the European Union has followed Washington’s lead.
Minerals critical for the green transition and highly traded agricultural products are especially vulnerable to “geo-economic fragmentation,” the IMF said October 3.
The nation, which has curbed overseas sales of all grades of rice to control domestic food inflation, will reduce the minimum export price to $850 a ton from $1,200.
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