Sugar output in the state down 28% to 3.14 mn tonnes as of Jan 15; wholesale prices surge 5%
All foods supply calories and there is no difference between calories that come from sugar
Industry estimates India's sugar production to be 23.5 million tonnes this year
Balrampur Chini, DCM Shriram, Dhampur Sugar, EID Parry, Dwarikesh Sugar, KM Sugar and Triveni Engg hit 52-week highs.
Oudh Sugar, Dhampur Speciality, Thiru Arooran, Upper Ganges, Ugar Sugar and Mawana Sugars were up 5%-7%.
The import duty on sugar at present is 40% and no overseas purchase is taking place
In the past two years, back-to-back droughts have ravaged the cane crop in Maharashtra
Rajshree Sugars, Dharani Sugar, Riga Sugar, Mawana Sugars and Kesar Enterprises were up 10% -19 on BSE.
Dwarikesh Sugar, Oudh Sugar, Upper Ganges, Parrys Sugar, Mawana Sugars and Rana Sugars up 6% to 15%
Balrampur Chini has 11 factories in UP having an aggregate crushing capacity of 79000 tonnes per day
With this upsurge in stocks, over half of the decline since the demonetisation has been reversed
Dwarikesh Sugar, Oudh Sugar, Upper Ganges, Parrys Sugar, Uttam Sugar and Simbholi Sugars were up 8%-15%.
Barring 1.5-2 per kg decline due to demonetisation, prices remain elevated
Profitability prospects of sugar mills brighter in short term, say rating agency Icra in its latest report
Marketmen says besides ample stocks on regular supplies from mills following the beginning of a crushing session pulls down sugar prices
Upper Ganges, Oudh Sugar, Mawana Sugars, Kesar Ent, Dwarikesh Sugar and Simbhaoli Sugar were up 11% to 20%.
Production, at 787,000 tonnes is a marginal 15,000 tonnes higher as compared to last year on the same date
About 9 per cent of crops were in bad condition, up from 5.5 per cent in the 2015-16 survey
Country's sugar production had declined to 25.1 MT in the 2015-16 season due to drought in major growing states
Ponni Sugars (Erode), Rana Sugars, Simbhaoli Sugars, Uttam Sugar and Thiru Arooran were up 5%-15% on BSE.