Burdened with falling prices, rising arrears and credit woes, they want rescue package and more viable pricing
The Centre had doubled sugar import duty to 100%, scrapped export duty to check falling prices
Thiru Arooran Sugars, Bajaj Hindustan, Uttam Sugar Mills, Mawana Sugars and Trivenni Engineering & Industries were up in the range of 6% to 11% on the BSE.
From doubling import duty to fixing the quota of sugar that mills can sell in the open-market, the government has tried it all
Balrampur Chini Mills, Avadh Sugar & Energy and Dalmia Bharat Sugar and Industries were down 10% on the BSE.
FCI likely to save Rs 1,600 per year on grain procurement post-GST
Move comes days after govt doubled import duty on sugar to 100%, from existing 50% to check cheap imports from Pakistan
India's sugar production estimate has been revised upward by 4 per cent to 26.1 million tonnes in the current 2017-18 marketing year (October-September)
Mawana Sugars, Triveni Engineering Industries, Shree Renuka Sugar and Simbhaoli Sugars were up more than 5% on the BSE.
Govt in April allowed duty-free import of 5 lakh tonnes of raw sugar to boost domestic supply
Higher output will help India to obviate import needs in the next season
US cities from Oakland to Philadelphia have started taxing sugar-sweetened beverages
Most sugar mills retire part of their debt, squeeze in margins on high cane cost
Ugar Sugar, Sakthi Sugars, Thiru Arooran, Rajshree Sugars, KCP Sugar and Simbhaoli Sugar up 4%-7%
Bajaj Hindustan, Ugar Sugar, Simbhaoli Sugars and Sakthi Sugar rallied more than 10% on BSE.
India is the world's biggest sugar consumer
That jump would help push the country's sugar production back near consumption levels
Centre extends deadline for companies and importers to import a total of 500,000 tonnes of raw sugar
Uttam Sugar, Dhampur Sugar, Rajshree Sugar and Dwarikesh Sugar were up in the range of 3% to 10%
Icra said, domestic sugar consumption is expected to fall by 4% compared to SY16