Sugar stocks experienced sharp declines on Thursday following the Centre's decision to ban sugar exports with immediate effect until September 30, 2026. According to reports from The Hindu BusinessLine, the export ban has raised significant concerns among industry participants about reduced export opportunities and potential pressure on mill realisations amid tightening domestic supply conditions. The Directorate General of Foreign Trade (DGFT) officially announced the ban on May 13, 2026, stating that the export policy of sugar (raw sugar, white sugar and refined sugar) is amended from 'Restricted' to 'Prohibited' with immediate effect.
The export ban announcement triggered substantial selling pressure across major sugar companies. Balrampur Chini Mills shares fell as much as 6 per cent to ₹517.75, while Dalmia Bharat Sugar declined 4 per cent to ₹352.20. Bajaj Hindusthan Sugar shares dropped over 5 per cent to ₹17.72, as reported by The Hindu BusinessLine. Other significant declines included Triveni Engineering & Industries, Shree Renuka Sugars and EID Parry, which traded 2-4 per cent lower during the session. The DGFT notification dated May 13 specifically stated that the export ban would remain in place until September 30, 2026, or until further orders from the government.
The Central Government issued a notification on Wednesday prohibiting sugar exports with immediate effect until September 30, 2026. As reported by The Hindu BusinessLine, the notification specifically stated that the export ban would remain in place until September 30, 2026, or until further orders from the government. The DGFT notification dated May 13 confirmed that the export policy of sugar (raw sugar, white sugar and refined sugar) is amended from 'Restricted' to 'Prohibited' with immediate effect. This definitive timeline has contributed to the market's negative reaction to the policy change.
