India Imposes Immediate Export Ban on Sugar to Curb Domestic Inflation
The Directorate General of Foreign Trade (DGFT) has officially shifted the sugar export policy from the 'Restricted' category to the 'Prohibited' category.
Exemptions are provided for exports to the EU and US under specific tariff-rate quotas and for government-approved food security support to other nations.
Projected sugar closing stocks for the 2025-26 season are estimated at 45 lakh tonnes, one of the lowest levels in recent history, indicating tight supply pressure.
As the world's second-largest sugar producer, India's move is expected to cause a significant spike in global sugar prices while stabilizing the domestic market.
Key Facts / Static GK
Minister of Commerce and Industry: Piyush Goyal
India's rank in Sugar Production: 2nd (after Brazil).
Practice Quiz — 15 May 2026
Q1. Regarding the RBI's recent relaxation of CET1 capital norms, consider the following statements: I. Banks can include quarterly profits in CET1 capital without any audit requirements. II. The relaxation applies to Payments Banks and Small Finance Banks. III. Regional Rural Banks (RRBs) are included in this new framework.
Q2. What is the targeted volume of coal gasification set by the Government of India to be achieved by the year 2030?
Q3. What is the primary reason for the removal of the CSR obligation for companies participating in the revamped PM Internship Scheme 2026?
Q4. Which of the following conditions allows for an exemption from the sugar export ban effective May 2026? I. Shipments already handed over to customs before the notification. II. Exports of refined sugar to any neighboring country. III. Exports where loading began before 13 May 2026.
Q5. India recently tested the MIRV-enabled Agni missile. Which of the following countries is NOT part of the elite group that already possesses MIRV technology?
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