Thu, Jun 13, 2024
Zee Business sources say that the government was considering increasing the minimum support price (MSP) of sugar for 2024-25. The current MSP of sugar is Rs 31/kg, while sugar mills are demanding it to increase to Rs 41/kg. After the development, EID Parry (India) and Bajaj Hindusthan Sugar touched their respective 52-week highs on Thursday.
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Mon, Dec 18, 2023
The Indian government's decision to allow cane juice and molasses for ethanol production triggers a 4% to 7% surge in sugar stocks. Dhampur Sugar Mills leads the rally with a 7% jump, while Balrampur Chini Mills and Shree Renuka Sugars rise over 6%. Learn how this move is set to reshape India's biofuel landscape and boost ethanol production capacity.
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