Upper Ganges, Andhra Sugars, Kakatiya Cement Sugar and Mawana Sugars are up 10% each on the BSE
With govt's indication on price control, stock prices have come off their peaks but realisations are expected to remain firm
After back-to-back droughts look set to turn the country into a net importer by October.
It will issue 2,26,35,757 equity shares of Rs 10 each
The federal government has asked state governments to impose stock limits on sugar to avoid hoarding by traders, Food Minister said
The government has taken stock of the availability of sugar and different factors contributing to rise in market prices of sugar across the country
Back-to-back drought years threaten output
Prices fell four per cent on NCDEX after report on stock limits
Prices are rising on expectation of lower output, govt's order of mandatory export of 3.2 MT in 2015-16 marketing year (Oct-Sept)
Due to lower demand in the spot market mainly kept pressure on sugar prices at futures trade.
Production in Maharashtra, the country's leading sugar producing state, fell to 8.36 MT of sugar till April 15 of this marketing year from 9.96 MT in the year-ago
Commodity for delivery in May traded higher by Rs 25, or 0.71%
Oudh Sugar, Uttam Sugar, Kesar Enterprises, Upper Ganges, Dwarikesh Sugar and Simbhaoli Sugar down over 5% each.
Traders don't foresee any imminent action by authorities as revised forecasts would still exceed domestic consumption
Analysts attributed rise in sugar futures to rising demand from retailers as well as bulk consumers in spot market
Simbhaoli, Oudh Sugar, Uttam Sugar, Parrys Sugar, Mawana Sugars & Dwarikesh Sugar frozen at upper circuit.
Exports are likely see an over 80% jump to 20 lakh tonnes in 2015-16, even as the production is set to drop by 9%
Production likely to fall by 9% from last year's 28.3 mn tonnes
Sugar mills have so far contracted 1.4 million tonnes for exports.
Bannari Amman, Dalmia Bharat Sugar, Dwarikesh Sugar, Oudh Sugar and Riga Sugar hit 52-week highs on BSE