Balrampur Chini Mills (down 8.11%), Dhampur Sugar Mills (down 6.61%), Simbhaoli Sugars (down 4.77%), Dwarikesh Sugar Industries (down 4.41%), Triveni Engineering & Industries (down 4.04%), Upper Ganges Sugar & Industries (down 1.44%) and Bajaj Hindusthan (down 1.43%), edged lower.
The BSE Sensex was down 52.20 points, or 0.27% at 19,371.90.
According to reports, the Uttar Pradesh government hiked the state advised price (SAP), or the price below which mills cannot buy cane from farmers, for sugarcane by 40 per quintal to 280 per quintal for the normal variety of cane for the 2012-13 crushing season.
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The SAP for the early variety has been fixed at Rs 290 per quintal and Rs 275 for the substandard variety.
The price for the normal, early and substandard variety of cane in the previous season of 2011-12 was fixed at 240, 250 and 235 per quintal, respectively.
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