Sugar producers surge after government removes curbs

MUMBAI (Reuters) - Shares of sugar producers, including Shree Renuka Sugars Ltd , surged on Friday after the government took steps to remove curbs on domestic sugar supplies.

India will no longer force mills to sell sugar to the government at a discount and will not limit the amount they can sell in the open market, Food Minister K.V. Thomas said on Thursday.

Shree Renuka shares jumped 6.8 percent as of 9:25 a.m. Bajaj Hindusthan Ltd was up 7.8 percent, while Balrampur Chini Mills Ltd was up 7.2 percent.

(Reporting by Rafael Nam; Editing by Bijoy Koyitty)