The 20% customs duty on sugar exports is aimed at boosting domestic supply
Within a year of setting an ambitious export target government has now made a U-turn by restricting their exports by imposing exports duty
Sugar industry body head Abinash Verma said that the govt was making up for the expected fall in production in the next season
Ugar Sugar, Simbhaoli Sugars, Oudh Sugar, Rajshree Sugars and Sakthi Sugars are down over 6% each
Dwarikesh Sugar, Ugar Sugar Works, Oudh Sugar Mills and Upper Ganges are down more than 5% each
Sugar prices in the retail market have been quoting between Rs 42 and Rs 45 per kilo in the national capital
Upper Ganges, Mawana Sugars, Oudh Sugar and Ugar Sugar have zoom more than 200% thus far in 2016.
The country had exported 1.1 MT of sugar in the 2014-15 marketing year (October-September)
Despite recent rally, experts advise buying shares of firms with a longer term perspective
Many nutrition experts say that sugar in moderation is fine for most people but in excess it can lead to metabolic problems beyond its effects on weight gain
Overall, the country's cane sowing in 2016-17 is expected to be 4.41 mn ha, up 7.6% from the current year
Include Balrampur Chini, Dhampur Sugar and Dwarikesh Sugar, total 15 sugar stocks trading at their 52-week highs.
A move that could further push up global prices of the sweetener
Less domestic output , with a widening global deficit, resulting in more realisation and profits, among favourable factors
Dhampur Sugar, DCM Shriram Ind, Dharani Sugars, Thiru Arooran, Mawana Sugars, Dwarikesh Sugar and Upper Ganges were quoting at their respective 52-week highs.
Rating agency says a forward contract price of Rs 4,000 will prompt govt to cut import duty on raw sugar and ease imports
Maharashtra imposes stock-holding limits on sugar to check prices from rising
India, the world's biggest sugar consumer, is likely to become a net importer of the sweetener in 2016/17 due to drought
Dalmia Bharat Sugar, Thiru Arooran, Balrampur Chini, Uttam Sugar and Oudh Sugar were down over 5% on the BSE
Retail sugar prices in past 2 months have crossed Rs 40 per kg due to 11% fall in domestic sugar output in ongoing 2015-16 season