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 Manufacturing Mirror 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 Manufacturing Mirror.
More InformationPublicly, Beijing has presented itself as a neutral party in the war sparked by Russia's full-scale invasion of Ukraine, claiming it...
London [UK], July 11 (ANI): New UK package of support for Ukraine's immediate and longer-term needs was tabled at Ukraine Recovery...
Arrests of critics mount as authorities allege a wide-ranging plot to overthrow Prime Minister Nikol Pashinyans government An Armenian...
Patna (Bihar) [India], July 9 (ANI): RJD leader Tejashwi Yadav on Wednesday heavily criticised the Election Commission of India for...
Fazilka (Punjab) [India], July 9 (ANI): Two accused in the murder of Abohar businessman Sanjay Verma were killed in retaliatory police...
Patna (Bihar) [India], July 8 (ANI): Bihar ADG Kundan Krishnan on Tuesday informed that the shooter who was involved in the businessman...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...
New Delhi [India], July 11 (ANI): Trade negotiations between the United States and China are moving slowly, raising the chances that...
(Photo credit: Brad Penner-Imagn Images) Anthony Volpe scored the tiebreaking run on a bases-loaded sacrifice fly by Aaron Judge...
(Photo credit: Jordan Johnson-Imagn Images) Pete Crow-Armstrong crushed a pair of home runs and right-hander Colin Rea handled the...
GUANGZHOU, July 10 (Xinhua) -- As global industries accelerate their transition toward intelligence and sustainability, China's innovative...
URUMQI, July 10 (Xinhua) -- A total of 24 journalists from 23 countries have participated in a media tour of northwest China's Xinjiang...