India Caps Sugar Exports at 10 Million Tons After Reaching Record High

Indian workers prepare jaggery, a traditional cane sugar made from sugarcane juice extract, at a plant in Muradnagar in the Indian state of Uttar Pradesh on Nov. 19, 2015. Prakash Singh/AFP/Getty Images

India said on May 24 that it will limit sugar exports to 10 million tons to maintain domestic availability and price stability.

Officials for the world’s top sugar producer and second-largest exporter after Brazil said the move was necessary after export levels rose to a record in the past few months.