Global price rise turns sugar stocks sweeter; shares of producers up 19-30%

For the past few years, the sugar industry has faced the twin headwinds of surplus production and higher sugar inventory, leading to pressure on sugar prices

Topics
Sugar prices | sugar production | Indian sugar industry

Yash Upadhyaya  |  Mumbai 

Shares of sugar producers have been in focus lately as hopes of a lower-than-anticipated domestic surplus and rising international prices have tickled the sweet tooth of investors. For the past few years, the sugar industry has faced the twin headwinds of surplus production and higher sugar inventory, leading to pressure on sugar prices.

At the start of the sugar season 2020-21 (October 2020-September 2021), India was expected to produce 31 million tonne (MT) of sugar; the opening stock stood at roughly 11 MT on October 1, 2020. India consumes on average around 25.5- 26 MT of sugar ...

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Wed, March 03 2021. 00:33 IST
RECOMMENDED FOR YOU
.