Dwarikesh Sugar Industries (up 9.17%), Upper Ganges Sugar & Industries (up 8.57%), Dhampur Sugar Mills (up 7.91%), Rana Sugars (up 7.17%), Bajaj Hindusthan (up 5.33%), Simbhaoli Sugars (up 4.61%), Shree Renuka Sugars (up 4.60%), Balrampur Chini Mills (up 4.23%), Sakthi Sugars (up 4.17%), KCP Sugar & Industries Corporation (up 3.96%), Triveni Engineering & Industries (up 2.84%) and Empee Sugars and Chemicals (up 2.42%), edged higher.
The BSE Sensex was down 121.15 points or 0.77% to 15,564.06.
Noting that sugar industry would be the priority area after Food Bill, Food Minister KV Thomas reportedly said on Wednesday, 21 December 2011, the government will consider the demand for partial decontrol of the sector. Thomas said he would take up the matter with Finance Minister Pranab Mukherjee after the winter session of parliament. The extended winter session of parliament ends on 29 December 2011.
At present, sugar mills are required to contribute 10% of their production to government (called levy sugar) for public distribution system (PDS) at a cheaper rate.
The minister also said the government would consider further export of sugar at an appropriate time, which would be favourable for the industry. Last month, an export of one million tonnes was allowed under Open General Licence (OGL).
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