Lower domestic output and hardening global prices should benefit the Indian sugar industry. However, the upside will be limited because of tighter government control on exports.
Taking signals from the hardening global sugar prices which have risen to their 11-year highs, the domestic prices of the sweetener have also shot up as much as 7-10% in the last 10 days. As a result, the share prices of Indian sugar processors, including Balrampur Chini Mills, Dwarikesh Sugar and Shree Renuka Sugar have
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