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
For global sugar markets, it’s beginning to look a lot like one of the worst shortages in history. Consecutive years of deficits, weather damage in key crops and shipping bottlenecks are reminding the world’s top sugar trading company of 2010 and 2011, when prices of the sweetener hit a three-decade high. “Current conditions are eerily … Read more
India’s sugar exports during October-December period jumped nearly four-fold to 17 lakh tonnes on higher demand from overseas, according to industry body ISMA. So far, 38-40 lakh tonnes have been contracted by mills for exports. Mills are now waiting for global prices to improve for further contracts. Sugar marketing year runs from October to September. … Read more
A report published by credit rating agency Infomerics Valuation and Rating released on Thursday said that the future of sugar industry looks very encouraging but some persisting concerns need urgent attention according to The sugar report states that the government has been proactive and supportive keeping in mind its size and the number of livelihoods … Read more
PUNE: Indian exporters as well as buyers in the global sugar market are keenly awaiting India’s export policy announcement, said traders. Even after 20 days into the new sugar year, which started on October 1, India hasn’t signed export contracts as there is no clarity about the export subsidy that was extended in the past … Read more