India bans sugar exports until the end of September, causing sugar industry stocks to plummet.

The Indian government has banned sugar exports until the end of September to protect domestic supplies, causing individual stocks in the Indian sugar industry sector to decline. Shree Renuka Sugars experienced the biggest drop of 2.7%, EID Parry group fell 1.8%, Dalmia Sugar Factory fell 4.1%, Balrampur Chini factory fell 5.7%, and Bajaj Hindustan Sugar fell 3.2%.