Sugar stocks surge up to 10% on firm price forecasts

Sugar stocks surge up to 10% on firm price forecasts

Mumbai: Shares of sugar producers were among the top gainers in Wednesday’s trading on news reports Alvean, the world’s largest sugar trader, forecast a global shortage in the season starting October. With the domestic festive season around the corner, analysts expect sugar prices to firm up on account of shortages. Avadh Sugar & Energy surged … Read more

Sectoral Spotlight: Export relaxation, ethanol story brings sugar sector in focus; Balrampur Chini top pick

Sectoral Spotlight: Export relaxation, ethanol story brings sugar sector in focus; Balrampur Chini top pick

India’s sugar sector is under spotlight as the government has allowed sugar companies to export an additional one million tonnes if the country meets its target of 33.6 million tonnes for the marketing year 2022-23 (April-March). The government had capped it to 6 million tonnes for the reporting period. Commodity and currency expert Anuj Gupta … Read more