India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices and could cap this season's exports at 8 million tonnes, government and industry sources told Reuters.
The prices of rice, edible oil, beef, sugar, egg and onion have risen more in Bangladesh than that of the international markets, affecting the poor people who are already suffering from erosion of purchasing capacity for pandemic caused income losses, said the Centre for Policy Dialogue (CPD) today.
Taking advantage of increased demand for sugar during Ramadan, many of the traders are making extra profits from the sweetener -- a practice that prompted strong warnings from Commerce Minister Tofail Ahmed.
India plans to restrict sugar exports for the first time in six years to prevent a surge in domestic prices and could cap this season's exports at 8 million tonnes, government and industry sources told Reuters.
The prices of rice, edible oil, beef, sugar, egg and onion have risen more in Bangladesh than that of the international markets, affecting the poor people who are already suffering from erosion of purchasing capacity for pandemic caused income losses, said the Centre for Policy Dialogue (CPD) today.
Taking advantage of increased demand for sugar during Ramadan, many of the traders are making extra profits from the sweetener -- a practice that prompted strong warnings from Commerce Minister Tofail Ahmed.