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Sugar stocks Balrampur Chini, Dhampur Sugar, others tumble up to 5% as govt allows duty-free imports
Sugar stocks fell sharply on Friday after the government allowed duty-free imports of 1 million tonnes of raw sugar until October 31. Balrampur Chini Mills, Dhampur Sugar Mills and Bajaj Hindusthan Sugar declined sharply, reversing recent gains driven by rising sugar prices and tightening supply ahead of the festive season.
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thehindubusinessline.com
India cuts sugar stock limit to 15 days as prices hit record high
India has cut sugar stockholding limits to 15 days from September 1 as prices hit record highs amid tighter supplies and rising festival-season demand.
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economictimes.indiatimes.com
India tightens sugar stock limits to tame record prices
India has ordered dealers to hold sugar inventories for only fifteen days. This new rule takes effect from September first until November thirtieth. The government aims to bolster…
