Sugar stocks rally as government allows 1.5 MT sugar exports for 2025-26
Sugar stocks traded higher after the Food Minister Pralhad Joshi’s statement that the Centre has decided to allow export of 1.5 million tonne (MT) of sugar for the 2025-26 sugar season that started from October. Sugar season runs from October to September. The Ministry has also decided to remove 50 per cent export duty on molasses. The export allocation is lower than the 2 MT demanded by the industry. India exported about 8,00,000 tonnes of sugar against an allocation of 1 MT during the 2024-25 sugar season that ended in September.
Balrampur Chini Mills is currently trading at Rs. 457.65, up by 24.75 points or 5.72% from its previous closing of Rs. 432.90 on the BSE. The scrip opened at Rs. 440.35 and has touched a high and low of Rs. 461.70 and Rs. 440.35 respectively. So far 116590 shares were traded on the counter.
Dalmia Bharat Sugar and Industries is currently trading at Rs. 333.05, up by 15.85 points or 5.00% from its previous closing of Rs. 317.20 on the BSE. The scrip opened at Rs. 333.05 and has touched a high and low of Rs. 333.05 and Rs. 320.00 respectively. So far 2751 shares were traded on the counter.
Uttam Sugar Mills is currently trading at Rs. 243.85, up by 7.90 points or 3.35% from its previous closing of Rs. 235.95 on the BSE. The scrip opened at Rs. 244.00 and has touched a high and low of Rs. 246.75 and Rs. 240.00 respectively. So far 2652 shares were traded on the counter.
