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Explained: Why Balrampur Chini, Dhampur Sugar, other stocks tumbled up to 4% on Thursday
Sugar stocks declined up to 4% on Thursday after India prohibited sugar exports with immediate effect until September 30. This move comes as domestic production is expected to fall below consumption for the second consecutive year, leading to the lowest stock levels since 2016-17. Exports under specific tariff rate quotas and the Advance Authorisation Scheme will continue.
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timesofindia.indiatimes.com
India bans sugar exports till September amid supply concerns; exemptions for EU, US quotas
The Centre on Wednesday prohibited sugar exports with immediate effect till September 30 or until further orders, as the government moved to curb domestic prices and ensure…
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economictimes.indiatimes.com
Explained: Why Balrampur Chini, Dhampur Sugar, other stocks tumbled up to 4% on Thursday
Sugar stocks declined up to 4% on Thursday after India prohibited sugar exports with immediate effect until September 30. This move comes as domestic production is expected to…
