Sufficient sugar for current year: ISMA 

India Infoline News Service | Mumbai | August 10, 2017 11:51 IST

Amid reports that the government is considering another round of sugar imports in a bid meet the anticipated high demand during the upcoming festival season, 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.

Amid reports that the government is considering another round of sugar imports in a bid meet the anticipated high demand during the upcoming festival season, 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.
 
In 2016-17 marketing year, the sugar production had fallen below consumption which resulted in a surge in sugar prices, eventually compelling the government to direct mills to maintain demand-supply balance and chop the prices.
 
Meanwhile, Sugar majors including Dwarikesh Sugar Industries was trading 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, Uttam Sugar Mills was down by 2.71% at Rs 187.

Disclaimer: The contents herein is specifically prepared by ‘Dalal Street Investment Journal’, and is for your information & personal consumption only. India Infoline Limited or Dalal Street Investment Journal do not guarantee the accuracy, correctness, completeness or reliability of information contained herein and shall not be held responsible.

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.