First it was rice, now it's sugar - Global sugar prices to surge as drought-hit India set to ban exports, says Thailand

Image from The Nation Thailand/ANN

BANGKOK (The Nation Thailand/ANN): The Thailand Commerce Ministry has aired concerns about a surge in global sugar prices after India announced it will ban sugar exports for the upcoming production season starting in October.

India, one of the world’s top sugar producers and exporters, is grappling with drought, which has led to a drop in sugar production.