Sugar Sector

Dalmia Bharat leads slide in sugar stocks, tanks 13% on export ban

Sugar stocks fell sharply on Wednesday, a day after the government imposed restrictions on sugar exports from June 1 to increase availability of the commodity in domestic market and curb price rise. Shares of Dalmia Bharat Sugar and Industries plummeted 13.40 per cent, Dwarikesh Sugar tumbled 9.38 per cent, Uttam Sugar Mills plunged 9.30 per cent and Balrampur Chini Mills tanked 8.56 per cent on the BSE. Also, Avadh Sugar & Energy dived 8.04 per cent, Shree Renuka Sugars declined 6.69 per cent and Mawana Sugars dipped 4.97 per cent. "Export of sugar (raw, refined and white sugar) is placed under restricted category from June 1, 2022 onwards," the Directorate General of Foreign Trade (DGFT) said in a notification on Tuesday. In a statement, the government said with a view to maintain domestic availability and price stability of sugar in the country during sugar season 2021-22 (October-September), it has been decided to regulate the sugar exports with effect from June 1.

India exports 7.5 mn tonnes sugar till May 18 in current marketing year

India has exported 75 lakh tonnes of sugar till May 18 in the current marketing year ending September, the Food Ministry said on Thursday. Sugar marketing year runs from October to September. "Export of sugar in current sugar season 2021-22 is 15 times of export as compared to export in sugar season 2017-18," the ministry said in a statement. The major importing countries are Indonesia, Afghanistan, Sri Lanka, Bangladesh, UAE, Malaysia and African countries. In 2017-18, 2018-19, 2019-20 marketing years, about 6.2 lakh tonnes, 38 lakh tonnes and 59.60 lakh tonnes of sugar were exported, respectively. In 2020-21, about 70 lakh tonnes of sugar have been exported. "About Rs 14,456 crore (have been) released to sugar mills in past 5 years to facilitate export of sugar and Rs 2,000 crore as carrying cost for maintaining buffer stock," the statement said. Millers have contracted for export of about 90 lakh tonnes of sugar in 2021-22. Out of which, 75 lakh tonnes have been exported till

Sugar stocks sweeten; Dwarikesh, Dalmia Bharat, Triveni surge up to 10%

Magadh Sugar & Energy, Rana Sugar, Uttam Sugar Mills, KM Sugar, Andhra Sugar, Mawana Sugar and Shree Renuka Sugar surged 10 per cent to 15 per cent on the BSE.

Sugar exports jump over 2.5-fold to 4.7 mn tonnes in Oct 21-Feb 22: ISMA

Sugar exports have jumped over 2.5 fold between October 2021 and February this year to 47 lakh tonnes on higher production and better demand of the Indian sweetener in the global market

India's sugar exports estimate revised upward to 7.5 MT for this year: ISMA

The country has physically exported 4.2 MT of sugar till February of the current marketing year, against the export contracts already undertaken for shipment of six million tonne: ISMA

Stocks to Watch: Tech Mahindra, HFCL, NTPC, Bajaj Finance, Just Dial, Sugar

Bajaj Finance, ICICI Prudential Life, Just Dial, Jyoti Structures, LT Technology Services and Tata Elxsi are scheduled to announce December quarter results today.

Sugar shares extend rally; Balrampur, Dwarikesh rally up to 27% in one week

The sugar industry is going through a transformation from being a cyclical industry to structural growth sector by increasing distillery capacities over the next three years, analysts say.

Karnataka govt withholds decision to lease Mysore Sugars

Karnataka government on Monday decided to withhold its decision to lease the Mandya-based The Mysore Sugars Company Ltd (MySugar) temporarily

Sugar stocks sweeten: Triveni, Dalmia, Balrampur, Uttam Sugar gain up to 5%

India's sugar export rose 20 per cent to an all-time high of 7.1 million tonne in the 2020-21 in the marketing year ended ended September 2021 on the back of better demand and financial assistance fro

India's fuel ethanol consumption to rise to meet E20 target: Fitch

Fitch Solutions said on that India's ethanol consumption will increase over the next few years, driven primarily by the government's desire to support the sugar sector by boosting ethanol production

Sugar season 2020-21 to end with lower stocks, Rs 7,000 cr unpaid dues

The record drop in stocks has largely been due to bumper exports of seven million tones and diversion of 2.1 million tones of sugar towards ethanol

Balrampur Chini, Dhampur Sugar: FPR could push stocks near breakout levels

On a breakout, sugar stocks may see up to 24 per cent upside

Indian traders sign sugar export deals in advance as frost hits Brazil

Traders said the likely decline has already lifted sugar prices near their highest levels in 3-years

Sugar stocks on a roll on improved outlook; Shree Renuka zooms 127% in June

Sugar companies are seeing a huge, untapped demand for ethanol for the blending program of the, which can be of benefit to the sector in the future

Sugar shares rally; Dalmia Bharat, Triveni, Dwarikesh zoom up to 19%

On World Environment Day (June 5), Prime Minister Narendra Modi announced that the target of 20 per cent ethanol-blended petrol has been advanced by five years to 2025

India exports 2.49 mn tonne of sugar so far, maximum to Indonesia: AISTA

Sugar mills have exported 2.49 million tonnes of the sweetener so far in the ongoing 2020-21 marketing year ending September

Centre, NITI Aayog working on devising long-term solution for sugar sector

The solution to the sugar Industry problem lies in any or a combo of a price stabilisation fund, the Gujarat model of payment of cane dues and increased focus on ethanol blending

Sugar stocks in focus; Balrampur Chini, EID Parry rally up to 7%

Ethanol is expected to be a key driver for the sugar industry, going ahead

Panel considers a Gujarat-like model of staggered payments to cane growers

Farm leaders object to Gujarat-like model, say can't take pay in tranches

Higher ethanol prices, procurement can boost sugar sector's prospects

Increase in minimum price of cane and export policy in new sugar season are also crucial to drive earnings