ANI
24 Nov 2022, 15:25 GMT+10
New Delhi [India], November 24 (ANI): The sugar stocks on BSE went up on Thursday after tracking domestic shares, which started strengthening from Tuesday after picking up on global cues.
Eid-Parry went up 1.20 per cent to Rs 616.10 apiece on BSE at 2.14 pm on Thursday whereas Dalmia Bharat Sugar went up 1.36 per cent to Rs 354.80 apiece at 2.14 pm on Thursday. Dalmia went up 1.91 per cent in a span of 5 days. Some of the active sugar stock gainers were Dwarikesh Sugar, which rose 3.22 per cent to Rs 36.15 apiece at 2.19 pm on BSE; Balrampur Chini, which went up 3.68 per cent on BSE to Rs 368.05 apiece at 2.22 pm and Triveni Engineering which surged 2.60 per cent at 2.23 pm to Rs 278.75 on BSE on Thursday.
The consolidation of the sugar sector had been happening since the government allowed sugar mills and other agencies to export the sweetener in quota basis during the sugar season 2022-23.
The sugar sector in India is highly regulated, with it being an essential commodity. The government decides the quantum of exports, as well as the monthly sugar quota for domestic sales, besides determining the fair remunerative price of sugarcane.
A statement from the ministry of consumer affairs, food and public distribution released in the first week of November said as a measure to balance the price stability of sugar in the country and the financial positions of sugar mills in the country, based on initial estimates of sugarcane production, the government has allowed export of sugar up to 6 million tonne (mt) during the sugar season 2022-23.
On November 13, The government has come out with new guidelines for producing ethanol from sugar and grain-based feedstocks. These guidelines pertain to the production of ethanol by sugar mills and distilleries from B-Hy, C-Hy molasses, sugarcane juice, sugar and sugar syrup, foodgrains such as maize, broken rice, surplus rice, sourced from Food Corporation of India, etc, and the mechanism to identify the quantity of ethanol produced from these routes. (ANI)Get a daily dose of Mexico Star news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.
More InformationWASHINGTON, D.C.: Multi-billionaire Elon Musk, a close adviser to U.S. President Donald Trump, has welcomed his 14th child. His newest...
HT Syndication New Delhi [India], March 12: The Made In India Fest, one of India's largest and most exciting celebrations of Holi...
Kievs forces hit a feed-processing plant in the area, according to regional head Aleksandr Khinstein Four people have been killed...
Madikeri (Karnataka) [India], March 12 (ANI): A complaint has been filed against Codava National Council (CNC) president Nandineda...
Annamayya (Andhra Pradesh) [India], March 12 (ANI): At least two people were killed and 40 were injured after two buses collided in...
Lucknow (Uttar Pradesh) [India], March 12 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath participated in a program in Lucknow...
WASHINGTON, D.C.: The U.S. Centers for Disease Control and Prevention (CDC) is planning an extensive study on possible links between...
WASHINGTON, D.C.: The U.S. weather agency, NOAA, plans to lay off 1,029 workers following 1,300 job cuts earlier this year. This...
SANTA FE: New Mexico: A New Mexico resident who died recently tested positive for measles, marking the state's first measles-related...
MANILA, Philippines - In a dramatic move, the International Criminal Court on Tuesday arrested the former president of the Philippines,...
BRUSSELS, Belgium: The United States has withdrawn from the board of a U.N. climate fund designed to help poor countries deal with...
NEW YORK CITY, New York - A student of Columbia University, arrested for protesting against the carnage in Gaza, has been moved out...