India just banned sugar exports. The farmers it claims to protect will pay the price, it claims.
Yesterday, the government issued a gazette notification banning all raw, white, and refined sugar exports with immediate effectâuntil September 30, 2026. Markets jumped. Brazil celebrated. And 50 million Indian sugarcane farmers got quietly squeezed. Here is the part the press release does not say out loud: The Setup: A Government-Made Mess In February 2026, the government…
