SUGAR PRICES
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 15.66 points up at 24302.15
Stock Radar: This sugar stock is showing signs of bottoming out after 24% fall from highs; time to buy?
Dalmia Bharat's stock stabilizes as experts recommend a bullish outlook, targeting above Rs 2,100 in the volatile sugar industry. The company's price movements reflect a harmonic pattern signaling potential reversals.
Maharashtra's poll pitch sweetened with Rs 1,898 cr loan for struggling sugar mills tied to NCP and BJP leaders
Maharashtra assembly elections: The National Cooperative Development Corporation (NCDC) has approved a working capital loan of Rs 1,898 crore to the Maharashtra government to support 13 struggling sugar mills. Five of these mills are linked to Ajit Pawar's NCP politicians, and five are associated with BJP leaders. The loan is provided ahead of the Maharashtra assembly elections.
‘Organic’ and ‘natural’? India’s $32 billion packaged food and beverage industry struggles with disclosures
The packaged food industry should be more upfront about the ingredients they use to make products. It is a question of public health, say experts.
Triveni Engineering buys addl 36.34 pc stake in sugar firm Sir Shadi Lal Enterprises for Rs 45 cr
Triveni Engineering & Industries Ltd acquires 36.34% stake in Sir Shadi Lal Enterprises Ltd for Rs 45 crore, enhancing its position as a major sugar producer. Vice Chairman Tarun Sawhney views the acquisition as a strategic move to boost Triveni's sugar and alcohol businesses.
Triveni Engineering & Industries acquires majority stake in Sir Shadi Lal Enterprises
Triveni Engineering & Industries Ltd announced acquiring an additional 36.34% stake in Sir Shadi Lal Enterprises Limited, making SSEL a subsidiary of the company.
- Go To Page 1
Stock Radar: Balrampur Chini breaks out from 6-month consolidation range; time to buy?
Balrampur Chini Mills Ltd, a major player in the sugar industry, experienced a significant stock rally and breakout, supported by technical indicators. The stock's positive momentum suggests a potential upside towards 485-490 levels.
Low chances of Nifty Bank exceeding 51,000-level this week: Anand James
A new peak on Friday was not surprising, given the fact that 88% of Nifty constituents had started the day at the highest in 30 days. Most other sectors were also showing similar trends, except for PSU banks and metals
Increase minimum selling price of sugar to Rs 42/kg, says industry body NFCSF
The National Federation of Cooperative Sugar Factories (NFCSF), representing co-operative sugar mills in India, has requested the central government to increase the minimum selling price (MSP) of sugar by 35% to Rs 42/kg. The MSP was introduced in 2018 and last revised in February 2019. However, sugar prices have been consistently higher than the MSP, with ex-mill prices in Maharashtra being Rs 36/kg, and retail prices in the range of Rs 42-44/kg. The NFCSF has already submitted its proposal to the Union Government.
Andhra & Naidu stocks beating PSU & Modi stocks hands down with Rs 20,000 crore boom
Andhra Pradesh and Chandrababu Naidu-related stocks have surged significantly post-elections, outperforming PSU and 'Modi stocks'. Traders are capitalizing on the momentum, with a focus on Naidu's role in the NDA government and growth potential.
Buy Andhra Sugars, target price Rs 140: Axis Securities
Andhra Sugars Ltd., incorporated in the year 1947, is a Small Cap company (having a market cap of Rs 1686.06 Crore) operating in Diversified sector.
Share market update: Most active stocks in today's market in terms of volume
The NSE Nifty index closed 75.96 points up at 23398.9
Sugar rush! Praj Industries, Balrampur Chini shares jump by over 6% on boost from ethanol blending
Praj Industries shares surged 6.4% to a 52-week high on NSE after Union Minister Hardeep Singh Puri's announcement on India's biofuel blending targets.
Elections still on for them? But macro structure has changed for good: 5 sugar stocks with upside potential of up to 27%
In a sector, where government policies have a major impact, the risk of any change in policy impacting the players is always present. That is the reason why the valuations of these stocks from such sectors don't cross a certain threshold. Probably the sugar sector tops the lists of such sectors and the reason is because both the central and state governments have some say in the policy making. While the general elections are over, there are many states which have exposure to the sugar sector and state elections are going to be held there over the next couple of quarters. So a narrative might get built against the sugar stocks. What needs to be done, make a distinction between the reality that the balance sheets of these companies are much stronger than what they were, their business model is not just about sugar, but about part of the clean energy which is something which is going to grow.
Will BJP win? This market awaits June 4 results for potential shakeups in India's trade policies & global food prices
India's agricultural markets are under scrutiny as a new government prepares to take office, potentially impacting global food prices. Prime Minister Modi's policies aimed at ensuring domestic supplies have influenced key crop exports. Changes post-election could affect rice, wheat, and sugar markets, with industry leaders seeking policy shifts to address supply and demand challenges.
Pricier kitchen staples upset home budgets
The prices of kitchen essentials like pulses, wheat and sugar have been rising continuously in May as domestic production lagged due to the deficit monsoon of 2023. Limited availability of chana, urad and tur in the international markets has kept imports sluggish and expensive, while sugar and wheat prices have been ruling firm as the buffer stock has shrunk beyond comfort level.
June sugar quota higher by 8.5% y-o-y as prices stay firm amid heat waves
The central government announced a quota of 25.5 lakh tonnes of sugar for June, higher by 8.5% over June 2023, as per the Department of Food and Public Distribution.
Brazil, Canada, EU urge India to submit timely notifications on sugar subsidies in WTO
A group of WTO member countries, including Brazil, Canada and the European Union, have urged India to submit timely notifications on sugar subsidies in the World Trade Organisation, an official said. The issue came up for discussion during the meeting of the WTO's agriculture committee on May 23-24 in Geneva.
Silver prices fall Rs 2,000 per kg as traders book profits after sharp rally
Gold prices dipped by Rs 750 per 10 gm on MCX. After posting significant gains in the past few trading sessions, some profit-booking at higher levels was warranted for both gold and silver. Silver prices have gained 14% in May so far and have shown a decline for the past 2 trading sessions.
Delhivery partners with SUGAR Cosmetics for pan-India B2B logistic operations
Delhivery has partnered with SUGAR Cosmetics to manage its B2B logistics operations in India. The company will use Delhivery's extensive networks, technology-driven solutions, and express Part Truck Load (PTL) services to ensure faster delivery of B2B consignments. SUGAR Cosmetics, India's third-largest colour cosmetics brand, will benefit from Delhivery's express PTL service for quick stock replenishment.
Damani & Jhunjhunwala emerge as richer dons of D-Street when most lost crores in Q4
The Jhunjhunwala family's wealth in listed firms crossed the ₹50,000 crore mark for the first time in the March quarter, while about 17 individuals held portfolios worth over ₹1,000 crore as of March 31, 2024.
Government's stance on sugar exports amidst industry demands
ISMA seeks sugar export despite surplus, impacting closing stock projections. Central government prioritizes ethanol over export, aiming to build reserves. Sugar prices rise despite production surprises, with 2024-25 forecast dependent on monsoon.
Best Stevia Powders in India for Natural Alternative to Sugar (2024)
Are you looking for a healthier alternative to your regular sugar? If so, then continue reading this article to learn about the best stevia powders in India which can be the right alternative for your regular sugar. You can find these powders readily available on Amazon and place your order using the buying links shared below.
Diversion of B Heavy Molasses will release Rs 2300 crore for the distilleries; says NFCSF
The decision of the central government to allow use of the 7 lakh tonnes of B Heavy Molasses for ethanol production will help the sugar industry get a revenue of Rs 2300 crores, said National Federation of Cooperative Sugar Factories (NFCSF), which represents the cooperative sugar mills of the country.
Not so sweet: Sugar prices up 4.5% in last 2 weeks
Sugar prices rise 4.5% in 2 weeks amid soaring summer demand from ice cream and beverage companies. Government increases April sales quota to 2.5 million tonnes. Rising mercury and election campaigning fuel the surge.
Nestle Ceralac controversy: Consumer protection regulator asks FSSAI to probe claims of co adding sugar in baby products
The Central Consumer Protection Authority (CCPA) urged FSSAI to investigate Nestle India for allegedly adding sugar to baby products. Sources say FSSAI is reviewing claims by Public Eye about higher sugar content in products sold in India compared to the West. NCPCR also requested FSSAI's scrutiny.
Nestle India shares drop over 5% to record worst day in 3 years. Here's why
Nestle India's shares plunged 5.4% on Thursday to Rs 2,409.55 on BSE, following revelations of adding sugar to baby food in India but not in Europe or the UK. The health ministry expressed concern. This marked Nestle's worst single-day drop in 3 years.
India won't be feeding sugar to the world this season
Sugar export: The government has rejected sugar export possibility for the current season despite industry demand. Indian Sugar Mills Association seeks to export 10 lakh tonnes, citing healthy closing stock. Sugar production exceeded 30 million tonnes and ISMA has revised estimate to 32 million tonnes. Government may allow use of excess B-heavy molasses for ethanol production.
Sugar mills paid Rs 78,000 cr to cane farmers in H1 of 2023-24 season
Sugar mills in India have paid Rs 78,000 crore to sugarcane farmers in the first six months of the current marketing season, a food ministry official said. Mills have cleared 87% of the total cane payment of Rs 90,000 crore till March 31 of the 2023-24 season. They have produced over 300 lakh tonnes of sugar so far this season.
Load More
