Union govt has asked every sugar mill in the state to keep only 37% of its stock and to offload the rest by September 30
Dharani Sugars, Kesar Enterprises, Triveni Engg,, Dalmia Bharat Sugar and Mawana Sugars were up 10%-20%.
Mawana Sugars, Dwarikesh Sugar, Dharani Sugars, Thiru Arooran and Simbhaoli Sugars are up between 5% and 9%.
Marketmen said widening of the gap between demand and supply too supported the upside in prices
The cane and sugar production in the state is expected to be at par last year of little over than 68.55 lakh tonnes
The quantity works out to 20% more than consumption, price to crash in near term
It also appealed to Centre to direct RBI for continuation of exemption of levy on excise duty on ethanol
Marketmen said increased supplies in the market from mills and slowdown in buying by bulk consumers,weighed on sweetener prices
Ugar Sugar, Dwarikesh Sugar, Oudh Sugar, Parrys Sugar, Rajshree Sugar, Dharani Sugars and Mawana Sugars hit upper circuit on the BSE.
ISMA predicted India's sugar output at 23.26 million tonnes for the crushing season 2016-17
Also recommends stock holding limits on mills to check price rise
Could be lower compared with the current year's estimated output of 252 lakh mt
C R Chaudhary said there is sufficient sugar stock available in the current season to meet demand of 255 lakh mt
Food Secretary Vrinda Sarup reviewed the price situation today in a video conference interaction with both sugar producing and consuming states
Last year sugar industry across the globe was pushed to a record low in prices, the company said
UP, India's leading sugarcane producer, is projected to increase its acreage to 23.35 lakh hectares (LH) during 2016-17
Total acreage under sugarcane in India is estimated at around 4.99 million hectares (ha) in crushing season 2016-17, which is 5.5% lower than in the year-ago period
Says duty not applicable on re-export of raw sugar, pacing way for shipments that were stuck at ports
Upper Ganges Sugar, Ponni Sugars, KCP Sugar, Sakthi Sugars and Kesar Enterprises were up more than 10% each on the BSE.
Duty being sought on export of imported raw sugar