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Author:  August Cilck Number:  3117 Reply Number:  0
 
Sugar stocks climb up to 9% as crushing season begins

Continuing their winning streak for another day, sugar stocks surged up to 7 per cent in Wednesday's trade as crushing season for cane in Uttar Pradesh and Maharasthra — the two biggest sugar-producing states in the country — is set to begin on time this year.

Sugar stocks have soared anywhere between 20 per cent and 80 per cent so far this month, as global shortages have helped commodity prices to rebound from a seven-year low, thanks to a strengthening El Nino weather pattern, which is expected to pose a threat to sugar output in Australia.
 

 

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