Sugar stocks continued to correct on Friday for the second day following the curbs by the government on ethanol production. Among the top losers were Shree Renuka Sugars which plunged over 7% in the opening trade amid high volumes, followed by Balrampur Chini, Rana Sugar, The Ugar Sugar Works and Dwarikesh Sugar, which lost up … Read more
The National Federation of Cooperative Sugar Federation (NFCSF) on Wednesday revised sugar production estimate lower to 32.7 million tonnes in the ongoing 2022-23 marketing year ending September from its earlier estimate of 35.5 million tonnes. The revised sugar production estimate is, however, down by 8.88 per cent from the actual production of 35.92 million tonnes … Read more
The country’s sugar production is expected to be 30.2 million tonnes in the ongoing 2020-21 marketing year, about 800,000 tonne lower than the initial estimate, a senior government official said on Wednesday. However, the sugar production is estimated to be higher than 27.4 million tonne achieved during the 2019-20 marketing year (October-September). “Already, mills have … Read more