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Wednesday, December 25, 2024 | 06:38 AM ISTEN Hindi

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Sugar stocks extend fall on concerns of record output

Balrampur Chini Mills, Avadh Sugar & Energy and Dalmia Bharat Sugar and Industries were down 10% on the BSE.

Conditions for sugar mills to avail subsidy eased
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SI Reporter Mumbai
Shares of sugar companies continue to trade lower for the fifth straight session, falling by up to 30%, on concerns of higher production which may pull down the prices of raw sugar.

Balrampur Chini Mills, Avadh Sugar & Energy and Dalmia Bharat Sugar and Industries were down 10% on the BSE. These stocks tanked in the range of 28% to 30% in past five trading sessions. Besides these three, as many as 20 sugar stocks were trading at their multi-months lows.

The Indian Sugar Mills Association (Isma) increased its earlier estimates for the country's sugar production by 45%

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