Balrampur Chini, Dwarikesh, EID Parry: Sugar Stocks Fall Over 3% After Govt Bans Exports Till September 2026
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India bans most sugar exports till September 30 2026 to ensure domestic supply and control prices, sugar stocks fall over 3 percent, limited quota exports to EU and US continue
The Directorate General of Foreign Trade (DGFT) changed the export status of raw sugar, white sugar and refined sugar from “restricted” to “prohibited”, effectively halting outbound shipments except under specified categories.
Sugar stocks traded lower on Thursday after the Centre banned sugar exports with immediate effect till September 30, 2026, in a move aimed at ensuring adequate domestic availability and controlling prices. Following the announcement, shares of major sugar companies came under pressure and traded down by over 3 per cent during the early trade.
Among the top losers, Balrampur Chini Mills declined 3.14 per cent to Rs 531.65, while Dhampur Sugar Mills dropped 3.18 per cent to Rs 148.88. Uttam Sugar Mills slipped 3.28 per cent to Rs 245.10 and Dwarikesh Sugar Industries fell 3.64 per cent to Rs 45.
Shares of Bajaj Hindusthan Sugar were down 2.14 per cent at Rs 18.33, while Bannari Amman Sugars declined 1.38 per cent to Rs 3,608.10.
Among other stocks, EID Parry India fell 0.79 per cent to Rs 799, Triveni Engineering & Industries slipped 0.80 per cent to Rs 385.10, and Shree Renuka Sugars edged lower by 0.08 per cent to Rs 24.84.
Dalmia Bharat Sugar and Industries declined 1.65 per cent to Rs 360, while Godavari Biorefineries fell 0.17 per cent to Rs 302. Avadh Sugar & Energy was down 0.79 per cent at Rs 482.30.
However, Dhampur Bio Organics bucked the trend and traded 0.29 per cent higher at Rs 114.
The Directorate General of Foreign Trade (DGFT), under the Ministry of Commerce & Industry, changed the export status of raw sugar, white sugar and refined sugar from “restricted” to “prohibited”, effectively halting outbound shipments except under specified categories.
According to the DGFT notification issued on May 13, the export policy for sugar under ITC (HS) Codes 1701 14 90 and 1701 99 90 has been amended from “restricted” to “prohibited” with immediate effect till September 30, 2026, or until further orders.
The government said the move is aimed at maintaining sufficient domestic sugar supplies and keeping retail prices under control. India is among the world’s largest sugar producers and exporters, and the export curbs are expected to prioritise domestic consumption amid concerns over production and availability.
The ban covers raw sugar, white sugar and refined sugar. However, exports to the European Union and the United States under tariff quota arrangements such as CXL and TRQ quotas will continue. Exports under the Advance Authorisation Scheme (AAS) will also remain permitted under the Foreign Trade Policy 2023.
The government further clarified that shipments already in the export pipeline before the notification came into force would be allowed under specified conditions, including cases where loading had already begun or customs documentation had been completed.
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