Sugar stocks like Shree Renuka Sugars, Bajaj Hindustan, Balrampur Chini Mills, Sakthi Sugars and Dhampur Sugar Mills surged in the range of 2-6% on the BSE, as the government allows additional sugar exports.
Sugar stocks have rallied on the bourses after the government decided to allow the export of another 1 million tonne (MT) of sugar export under the Open general license (OGL) in view of surplus production.
The decision was taken in the meeting of the panel of empowered group of ministers ( EGoM), headed by Finance Minister Pranab Mukherjee. With this decision, the government so far has allowed export of 3MT sugar in this season in three tranches of 1MT each.
....more info
Sugar stocks have rallied on the bourses after the government decided to allow the export of another 1 million tonne (MT) of sugar export under the Open general license (OGL) in view of surplus production.
The decision was taken in the meeting of the panel of empowered group of ministers ( EGoM), headed by Finance Minister Pranab Mukherjee. With this decision, the government so far has allowed export of 3MT sugar in this season in three tranches of 1MT each.
....more info