Domestic price up 4% in wholesale markets; Maharashtra govt may offer export sops
Dwarikesh Sugar, Dalmia Bharat Sugar, Oudh Sugar and Uttam Sugar rallied more than 9% each on the BSE.
Maharashtra's decision to exempt cane purchase tax, higher global prices made overseas sales attractive
Dwarikesh Sugar, DCM Shriram, Dhampur Sugar, Sakthi Sugars and Uttam Sugar have rallied over 10% each
The debt burden of the sugar sector has risen four times from Rs 11,000 crore in March 2008 to more than Rs 40,300 crore in March 2015
Flows of Indian white sugar to Myanmar, a gateway for smuggling into China, are slowing down, while Brazilian sugar becomes more competitive
Cooperative Sugar Mill Shahabad has so far crushed a maximum of 31.31 lakh quintals of sugarcane
Mills intensify closure on non-availability of cane; output for full sugar year ending Sept 2016 likely to be lower than last year
Lower sugar production and higher exports lead to better domestic realisations, helping companies turn profitable
The much-pampered sugar sector has been given a Rs 6,000 crore interest free loan. In a press conference road and transport minister Nitin Gadkari said that banks will provide Rs 6,000 crore as interest free loan for one year with the government bearing the burden of interest on the loan.