No worries about sugar stocks
DSIJ Intelligence / 10 Aug 2017
Trade body Indian Sugar Mills Association (ISMA) has said that there are sufficient sugar stocks in India to take the country through the next sugar marketing year.
Trade body Indian Sugar Mills Association (ISMA) has said that there are sufficient sugar stocks in India to take the country through the next sugar marketing year. This information comes in the wake of reports stating that the government is considering another round of sugar imports in a bid meet the anticipated high demand during the upcoming festival season.
In the marketing year 2016-17, sugar production had dipped below consumption, which resulted in a surge in sugar prices, eventually compelling the government to direct mills to maintain the demand-supply balance and cut the prices.
Among sugar majors, Dwarikesh Sugar Industries was down by 1.95% at Rs 65.45, EID Parry was down 1.10% at Rs 304.90, Triveni Engineering and Industries was down 1.96% at Rs 92.45, Dhampur Sugar Mills was down by 1.70% at Rs 243, and Uttam Sugar Mills was down by 2.71% at Rs 187.
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