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Sugar stocks trade in sweet spot Sugar industry related stocks were trading higher amid concerns over a deficient monsoon. The sugar prices were quoting at their highest level since September 2017.  Shree Renuka Sugars is currently trading at Rs. 53.69, up by 3.09 points or 6.11% from its previous closing of Rs. 50.60 on the BSE. Dalmia Bharat Sugar And Industries is currently trading at Rs. 428.20, up by 23.15 points or 5.72 % from its previous closing of Rs. 405.05 on the BSE. Dwarikesh Sugar Industries is cu...
Sugar stocks trade in sweet spot
Sugar stocks trade in sweet spot
Source: Accord Fintech
6/09/2023 3:15:16 PM
Domestic sugar prices rise 3% to 6-yr high owing to poor rains Domestic sugar prices have risen by 3 per cent in the last 15 days to their highest levels in six years, according to industry sources. Owing to shortfall in rains in the sugarcane growing regions, the prices have risen even as the festival season is round the corner, when consumption of sweets is set rise multifold. This could add to food inflation and discourage the government from allowing sugar exports, supporting global prices which are near their highest in more than a decade. ...
Domestic sugar prices rise 3% to 6-yr high owing to poor rains
Domestic sugar prices rise 3% to 6-yr high owing to poor rains
Source: IANS
6/09/2023 9:35:41 AM
Indian sugar production concerns drive local prices to 6-year high Sugar prices in India have jumped by more than 3% in a fortnight to their highest level in six years, traders and industry officials said, as limited rainfall in the country's key growing regions raised production concerns for the upcoming season. This could add to food inflation and discourage New Delhi from allowing sugar exports, supporting global prices which are near their highest in more than a decade. "Sugar mills are worried that production could fall sharply in the new...
Indian sugar production concerns drive local prices to 6-year high
Indian sugar production concerns drive local prices to 6-year high
Source: Reuters
5/09/2023 5:05:26 PM
Dry weather over India driving up rally in sugar prices The SandP GSCI Agriculture Index is finishing August 2 per cent lower MOM, reaching two-year lows. Grains led the decline, with wheat and corn futures both markedly down, Rabo Bank said in a research. Sizable US grain acreage following the largest annual increase in seven years, a record Brazilian corn harvest, and the continuation of significant wheat export flows from the Black Sea combined to drive prices lower. However, weather risks remain high for sugar, cocoa, robusta coffee, and...
Dry weather over India driving up rally in sugar prices
Dry weather over India driving up rally in sugar prices
Source: IANS
1/09/2023 2:32:20 PM
Government allocates addl 2L metric tonnes quota of sugar ahead of festival season Keeping in view the strong demand for sugar during the upcoming festival season, an additional quota of 2 lakh metric tonnes (over and above 23.5 LMT already allocated for this month) is being allocated for August by the government. The additional sugar in domestic market will ensure reasonable prices all over the country, official sources said. Despite 25 per cent increase in international sugar prices in the last one year, the average retail price of sugar in the country is about Rs 4...
Government allocates addl 2L metric tonnes quota of sugar ahead of festival season
Government allocates addl 2L metric tonnes quota of sugar ahead of festival season
Source: IANS
23/08/2023 9:50:54 AM
Buy Balrampur Chini Mills Ltd For Target Rs.490 - JM Financial Institutional Securities Decent qtr; slight concern on grain-based ethanol volume Balrampur Chini’s (BRCM) 1QFY24 revenue grew by 29% YoY to INR 13.9bn driven by higher distillery and sugar volume (+43%/ +12% YoY) as well as higher realisation (+8%/ +4% YoY respectively). EBITDA increased 267% YoY (6% below JMFe) to INR 1.63bn while PBT and PAT increased 5x YoY to INR 693mn. The management reiterated its crushing volume optimism (at least 10% increase in sugarcane crushing volume in SS24) while it reduced it...
Buy Balrampur Chini Mills Ltd For Target Rs.490 - JM Financial Institutional Securities
Buy Balrampur Chini Mills Ltd For Target Rs.490 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
18/08/2023 2:55:43 PM
Davangere Sugar Company shines on getting nod to expand capacity of Ethanol production Davangere Sugar Company is currently trading at Rs. 78.00, up by 3.10 points or 4.14% from its previous closing of Rs. 74.90 on the BSE. The scrip opened at Rs. 74.90 and has touched a high and low of Rs. 81.90 and Rs. 74.90 respectively. So far 4082 shares were traded on the counter. The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 89.75 on 18-Jan-2023 and a 52 week low of Rs. 21.00 on 22-Aug-2022. Last one week high and low of the scrip stood a...
Davangere Sugar Company shines on getting nod to expand capacity of Ethanol production
Davangere Sugar Company shines on getting nod to expand capacity of Ethanol production
Source: Accord Fintech
31/07/2023 11:17:56 AM
Vishwaraj Sugar Industries jumps on commissioning bagasse pelletizing machine Vishwaraj Sugar Industries is currently trading at Rs. 19.60, up by 0.39 points or 2.03% from its previous closing of Rs. 19.21 on the BSE. The scrip opened at Rs. 19.01 and has touched a high and low of Rs. 19.87 and Rs. 19.01 respectively. So far 753613 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 21.35 on 20-Dec-2022 and a 52 week low of Rs. 13.13 on 28-Mar-2023. Last one week high and low of the scrip sto...
Vishwaraj Sugar Industries jumps on commissioning bagasse pelletizing machine
Vishwaraj Sugar Industries jumps on commissioning bagasse pelletizing machine
Source: Accord Fintech
20/06/2023 3:17:33 PM
Dhampur Sugar Mills surges on completing expansion of Uttar Pradesh distillery capacity Dhampur Sugar Mills is currently trading at Rs. 272.00, up by 3.35 points or 1.25% from its previous closing of Rs. 268.65 on the BSE. The scrip opened at Rs. 271.95 and has touched a high and low of Rs. 277.45 and Rs. 271.70 respectively. So far 52700 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 282.70 on 12-Jun-2023 and a 52 week low of Rs. 196.50 on 31-Oct-2022. Last one week high and low of the scrip sto...
Dhampur Sugar Mills surges on completing expansion of Uttar Pradesh distillery capacity
Dhampur Sugar Mills surges on completing expansion of Uttar Pradesh distillery capacity
Source: accourd fintech
14/06/2023 12:32:22 PM
India to cap sugar exports until H1 2024 as El Nino looms - Government sources  India is not considering allowing sugar exports until at least the first half of the next season, as the government is worried the El Nino weather pattern could reduce rainfall and dent production, government sources said on Monday. India, the world's second biggest sugar exporter, usually decides the amount of the sweetener mills can export before the start of the new marketing year on Oct. 1. The delay in shipments from India could support global sugar prices trading near multi...
India to cap sugar exports until H1 2024 as El Nino looms - Government sources
India to cap sugar exports until H1 2024 as El Nino looms - Government sources
Source: Reuters
12/06/2023 3:05:15 PM
Indian sugar mills export entire quota of 6.1 million tonnes Indian mills have shipped out the entire 6.1 million tonnes of sugar allowed for exports, industry officials told Reuters, cashing in on multi-year high prices in the world market and robust demand. The world's second-biggest producer of the sweetener is, however, unlikely to allow additional exports in the current marketing year ending on Sept. 30, due to a likely drop in production. This could lift global prices and allow top producer Brazil to sell more sugar on the world market....
Indian sugar mills export entire quota of 6.1 million tonnes
Indian sugar mills export entire quota of 6.1 million tonnes
Source: Reuters
31/05/2023 5:04:03 PM
Buy Balrampur Chini For Target Rs.470 - JM Financial Institutional Securities Balrampur Chini’s (BRCM) 4QFY23 revenue grew by 17% YoY to INR 14.9bn driven by higher volume (+50% YoY) and realisation (+7% YoY) in the distillery segment. Sugar sales volume declined 1% YoY (23% below JMFe) as the company let go a portion of its quota for March given subdued demand and realisation (sugar prices are up 5-6% since then). EBITDA increased 22% YoY (3% above JMFe) to INR 4.04bn while PBT was flat YoY (in line with JMFe). PAT declined 13% YoY to INR 2.5bn on higher tax rat...
Buy Balrampur Chini For Target Rs.470 - JM Financial Institutional Securities
Buy Balrampur Chini For Target Rs.470 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
21/05/2023 11:54:03 AM
Uttam Sugar Mills surges on reporting 15% rise in Q4 net profit Uttam Sugar Mills is currently trading at Rs. 277.15, up by 4.65 points or 1.71% from its previous closing of Rs. 272.50 on the BSE. The scrip opened at Rs. 276.00 and has touched a high and low of Rs. 279.95 and Rs. 275.45 respectively. So far 2635 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 321.50 on 11-Jan-2023 and a 52 week low of Rs. 209.00 on 16-May-2022. Last one week high and low of the scrip stood ...
Uttam Sugar Mills surges on reporting 15% rise in Q4 net profit
Uttam Sugar Mills surges on reporting 15% rise in Q4 net profit
Source: Accord Fintech
16/05/2023 10:37:06 AM
Sugar prices rise as output likely to be 9% lower than last year With sugar production expected to be 9 per cent lesser than last year, prices of the sweetener have already started rising, as they have gone up by Rs 1.25 per kg in the last one month in the retail market. From Rs 41.05 per kg on April 2, the retail price of sugar rose to Rs 42.30 per kg on May 2. Similarly, wholesale prices too have risen by Rs 124 per kg during the past one month. From Rs 3,805 per kg on April 2, wholesale prices of sugar have risen to Rs 3,929 per kg as on May 2....
Sugar prices rise as output likely to be 9% lower than last year
Sugar prices rise as output likely to be 9% lower than last year
Source: IANS
7/05/2023 5:29:12 PM
The ultimate hack to control sugar cravings Sugar cravings can be a real problem for many people. They can be difficult to resist and can lead to overeating, obesity and other health problems. Before we dive into the solutions, let's first understand why we crave sugar. When we consume sugar, it triggers the release of dopamine in our brain, which gives us a feel-good experience. This is why we tend to reach for sugary foods when we are stressed, tired or sad. Fortunately, there are some simple hacks that can help you control yo...
The ultimate hack to control sugar cravings
The ultimate hack to control sugar cravings
Source: IANS
4/05/2023 5:54:38 PM
Dwarikesh Sugar: Q4FY23 Results Dwarikesh Sugar Industries Ltd., announced its unaudited financial results for the quarter and year ended March 31, 2023. In Q4 FY23, the company reported profit before tax (PBT) of Rs. 69.59 crore and profit after tax (PAT) of Rs. 46.75 crore and for FY 23 reported PBT of Rs. 152.51 crores and PAT of Rs. 104.81 cror Decline in profit over previous periods is attributable to lower recoveries translating in to higher cost of goods sold without commensurate increase in their price. Su...
Dwarikesh Sugar: Q4FY23 Results
Dwarikesh Sugar: Q4FY23 Results
Source: PR Agency
28/04/2023 2:56:38 PM
Dhampur Bio Organics surges on expanding capacity of Country Liquor plant at Asmoli Unit Dhampur Bio Organics is currently trading at Rs. 174.85, up by 6.85 points or 4.08% from its previous closing of Rs. 168.00 on the BSE. The scrip opened at Rs. 173.90 and has touched a high and low of Rs. 174.95 and Rs. 167.80 respectively. So far 6294 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.00 on 19-Dec-2022 and a 52 week low of Rs. 115.20 on 28-Mar-2023. Last one week high and low of the scrip sto...
Dhampur Bio Organics surges on expanding capacity of Country Liquor plant at Asmoli Unit
Dhampur Bio Organics surges on expanding capacity of Country Liquor plant at Asmoli Unit
Source: Accord Fintech
27/04/2023 12:53:51 PM
India`s sugar output could fall to 32.8 million tonnes - trade body India is likely to produce 32.8 million tonnes of sugar in the 2022-2023 marketing year, down 3.5% from the previous forecast, as sugar cane yields in major producing states fell due to erratic weather conditions, a leading trade body said on Wednesday. Lower sugar output could limit exports from the world's second-biggest exporter, lifting global prices and allowing rivals Brazil and Thailand to boost their shipments. "Rainfall was erratic. Sugar cane crop didn't get ample...
India`s sugar output could fall to 32.8 million tonnes - trade body
India`s sugar output could fall to 32.8 million tonnes - trade body
Source: Reuters
26/04/2023 12:00:17 PM
Dhampur Bio Organics soars on getting nod to expand sugar units capacity by 4000 TCD Dhampur Bio Organics is currently trading at Rs. 172.05, up by 12.95 points or 8.14% from its previous closing of Rs. 159.10 on the BSE. The scrip opened at Rs. 179.80 and has touched a high and low of Rs. 179.80 and Rs. 168.35 respectively. So far 27401 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 229.00 on 19-Dec-2022 and a 52 week low of Rs. 115.20 on 28-Mar-2023. Last one week high and low of the scrip s...
Dhampur Bio Organics soars on getting nod to expand sugar units capacity by 4000 TCD
Dhampur Bio Organics soars on getting nod to expand sugar units capacity by 4000 TCD
Source: Accord Fintech
26/04/2023 10:11:03 AM
India`s sugar output drops 5.4% y/y as mills close early Indian mills produced 31.1 million tonnes of sugar since the current season began on Oct. 1, a fall of 5.4% year on year, as many mills closed early due to limited availability of sugar cane, a leading trade body said on Tuesday. Lower sugar output from India, the world's biggest producer of the sweetener, will leave hardly any surplus for additional exports during the current 2022/23 season. Out of 532 mills that started operations in the current season, 400 mills closed operations...
India`s sugar output drops 5.4% y/y as mills close early
India`s sugar output drops 5.4% y/y as mills close early
Source: Reuters
18/04/2023 2:11:30 PM
Ugar Sugar Works rises on starting operations of Grain Based Distillery at Ugar Plant The Ugar Sugar Works is currently trading at Rs. 101.39, up by 1.15 points or 1.15% from its previous closing of Rs. 100.24 on the BSE. The scrip opened at Rs. 99.46 and has touched a high and low of Rs. 102.70 and Rs. 99.46 respectively. So far 23001 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 116.00 on 19-Dec-2022 and a 52 week low of Rs. 43.10 on 21-Jun-2022. Last one week high and low of the scrip stood ...
Ugar Sugar Works rises on starting operations of Grain Based Distillery at Ugar Plant
Ugar Sugar Works rises on starting operations of Grain Based Distillery at Ugar Plant
Source: Accord Fintech
17/04/2023 12:28:40 PM
Quote on Sugar prices at 11 year-high By S Ranganathan, LKP Securities Below Quote on Sugar prices at 11 year-high By S Ranganathan, Head of Research at LKP Securities With Global Raw Sugar prices surging to 11 year highs, the outlook for large integrated Sugar Mills in India with large capacities for Sugar and Ethanol is getting brighter this quarter as we approach the peak summer season. Strong demand for the soft commodity this quarter coupled with diversion to Ethanol manufacturing is seen brightening the prospects for such fully integrated suga...
Quote on Sugar prices at 11 year-high By S Ranganathan, LKP Securities
Quote on Sugar prices at 11 year-high By S Ranganathan, LKP Securities
Source: LKP Securities
12/04/2023 4:47:11 PM
Sugar Sector Update -Sugar turning sweeter - Is this the start of an up-cycle JM Financial Sugar production estimate for the current season (SS23) is seeing a sharp cut – from 35.5 million tonnes (mnt) earlier to c.33mnt now – on account of lower yields and recovery rates across states, particularly Maharashtra and Karnataka (unseasonal rains). Given domestic consumption of c.27.5mnt and exports of 6mnt (government unlikely to allow further exports), we estimate closing inventory to be stable at around 6.5mnt (considering government’s revised estimates of opening ...
Sugar Sector Update -Sugar turning sweeter - Is this the start of an up-cycle JM Financial
Sugar Sector Update -Sugar turning sweeter - Is this the start of an up-cycle JM Financial
Source: JM Financial Institutional Securities Ltd
12/04/2023 11:59:54 AM
India`s Maharashtra state to produce less sugar as mills close early India's top sugar-producing state, Maharashtra, could churn out nearly 16% less sugar than the previously estimated as mills are closing early due to limited availability of sugar cane, a senior state government official told Reuters on Monday. Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices and allowing rivals Brazil and Thailand to increase exports. The western state of Maharashtra, whi...
India`s Maharashtra state to produce less sugar as mills close early
India`s Maharashtra state to produce less sugar as mills close early
Source: Reuters
28/03/2023 8:51:20 AM
Bajaj Hindusthan Sugar rises on acquiring 98.01% stake in Phenil Sugars Bajaj Hindusthan Sugar is currently trading at Rs. 12.69, up by 0.03 points or 0.24% from its previous closing of Rs. 12.66 on the BSE. The scrip opened at Rs. 12.92 and has touched a high and low of Rs. 13.19 and Rs. 12.63 respectively. So far 619510 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 22.58 on 22-Apr-2022 and a 52 week low of Rs. 8.37 on 17-Aug-2022. Last one week high and low of the scrip stood at...
Bajaj Hindusthan Sugar rises on acquiring 98.01% stake in Phenil Sugars
Bajaj Hindusthan Sugar rises on acquiring 98.01% stake in Phenil Sugars
Source: Accord Fintech
24/03/2023 12:04:19 PM
Dwarikesh Sugar declares 200% Interim Dividend The Board of Directors of Dwarikesh Sugar Industries Limited has announced an interim dividend of Rs. 2 per share (200% on a face value of Rs 1 per share) for the financial year 2022-23, in its meeting held on 20th March, 2023. The interim dividend outgo will be Rs. 37.66 crores. The Record Date for reckoning the shareholders who shall be entitled to receive the said dividend shall be Friday, March 31, 2023.   This is the second consecutive y...
Dwarikesh Sugar declares 200% Interim Dividend
Dwarikesh Sugar declares 200% Interim Dividend
Source: PR Agency
21/03/2023 12:58:03 PM
Dwarikesh Sugar declares 200% Interim Dividend Mumbai: The Board of Directors of Dwarikesh Sugar Industries Limited has announced an interim dividend of Rs. 2 per share (200% on a face value of Rs 1 per share) for the financial year 2022-23, in its meeting held on 20th March, 2023. The interim dividend outgo will be Rs. 37.66 crores. The Record Date for reckoning the shareholders who shall be entitled to receive the said dividend shall be Friday, March 31, 2023. This is the second consecutiv...
Dwarikesh Sugar declares 200% Interim Dividend
Dwarikesh Sugar declares 200% Interim Dividend
Source: PR Agency
21/03/2023 11:10:19 AM
If sugar production touches 33.6 mn tonnes, then India can export more: Government If domestic sugar production touches 33.6 million tonnes, then the country may have the leeway to export an extra 1 million tonnes of it this year, official sources said. According to official sources, sugar stocks in the country are at comfortable levels, even if the production fails to touch 33.6 million tonnes during the current sugar marketing year, which runs from October till September. Sugar production was 35.9 million tonnes in the 2021-22 marketing year. Sources in the Food ...
If sugar production touches 33.6 mn tonnes, then India can export more: Government
If sugar production touches 33.6 mn tonnes, then India can export more: Government
Source: IANS
6/03/2023 5:35:12 PM
Bangladesh withdraws duty on sugar import to stabilise local market Bangladesh's National Board of Revenue (NBR) withdrew import duty on both raw and refined sugar in order to enable consumers to get the sweetener at reduced rates. In a notification, NBR withdrew a 3,000 taka (about $28) specific duty on the import of raw sugar and 6,000 taka duty on refined sugar per tonne with immediate effect. Apart from this, the NBR reduced the regulatory duty on the import of sugar to 25 per cent from 30 per cent. The reduced import benefit, which reportedl...
Bangladesh withdraws duty on sugar import to stabilise local market
Bangladesh withdraws duty on sugar import to stabilise local market
Source: IANS
27/02/2023 9:54:58 AM
India`s overall sugar output up 5.39% so far this season  Indian mills have produced 25.4 million tonnes of sugar since the current season began on Oct. 1, up 5.39% year on year, the Indian Sugar Mills Association said on Monday. After the diversion of sugar for ethanol, mills produced 22.8 million tonnes of the sweetener between Oct. 1 and Feb. 15 compared with 22.2 million tonnes during the year-ago period, it said. The association last month cut its 2022/23 output estimates by 7% from the previous forecast, as sugar cane yields in maj...
India`s overall sugar output up 5.39% so far this season
India`s overall sugar output up 5.39% so far this season
Source: Reuters
20/02/2023 3:33:12 PM
Dhampur Sugar Mills surges on completing expansion of distillery capacity at Uttar Pradesh facility Dhampur Sugar Mills is currently trading at Rs. 216.90, up by 5.35 points or 2.53% from its previous closing of Rs. 211.55 on the BSE. The scrip opened at Rs. 215.00 and has touched a high and low of Rs. 221.80 and Rs. 214.90 respectively. So far 6655 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 515.67 on 06-Apr-2022 and a 52 week low of Rs. 196.50 on 31-Oct-2022. Last one week high and low of the scrip stoo...
Dhampur Sugar Mills surges on completing expansion of distillery capacity at Uttar Pradesh facility
Dhampur Sugar Mills surges on completing expansion of distillery capacity at Uttar Pradesh facility
Source: IANS
7/02/2023 10:07:08 AM
India sugar output up 6% so far this season  Indian mills have produced 21.6 million tonnes of sugar since the current season began on Oct. 1, up 6% year on year, the Indian Sugar Mills Association said on Thursday.
India sugar output up 6% so far this season
India sugar output up 6% so far this season
Source: Reuters
2/02/2023 2:20:52 PM
Indian sugar mills to close early as weather dents cane supply - Government official Sugar mills in India's top producing state Maharashtra are set to stop cane crushing 45 to 60 days earlier than last year as adverse weather has curtailed sugar cane availability, a senior state government official told Reuters on Friday. The western state of Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1, down from an earlier forecast of 13.8 million tonn...
Indian sugar mills to close early as weather dents cane supply - Government official
Indian sugar mills to close early as weather dents cane supply - Government official
Source: Reuters
27/01/2023 4:22:10 PM
Haryana announces hike in sugarcane procurement price  Facing protest by the farmers, Haryana Chief Minister Manohar Lal Khattar on Wednesday announced a hike of Rs 10 per quintal in sugarcane procurement price. Accordingly, from this crushing season, farmers will be paid Rs 372 per quintal, an official statement said. Khattar told the media that safeguarding the interest of the farmers is the utmost priority of the government. "I urge the farmers that the prices have been hiked and now they should bring their sugarcane to the...
Haryana announces hike in sugarcane procurement price
Haryana announces hike in sugarcane procurement price
Source: IANS
26/01/2023 10:43:05 AM
5 Makeup Trends Of 2023 2023 promises to be an exciting year in makeup, and the upcoming trends are a reflection of that. From bold and dramatic eyes to striking lip looks, and unique face embellishments, there is plenty to explore. In this article, we will dive into some of the most popular makeup trends of 2023 and how celebrities are incorporating them into their own looks. Whether you're looking to add some edge to your everyday routine or make a statement for an event, these trends are sure to inspire you. ...
5 Makeup Trends Of 2023
5 Makeup Trends Of 2023
Source: IANS
23/01/2023 1:01:40 PM
India likely to keep lid on sugar exports as output dips MUMBAI/NEW DELHI -India is not looking at allowing more sugar exports, government and industry officials said on Thursday, dampening speculation that the world's biggest producer of the sweetener would permit a second tranche of overseas shipments. India, the world's biggest sugar exporter after Brazil, exported a record 11 million tonnes in the previous season to Sept. 30, 2022. But the government has allowed sugar mills to export only 6.1 million tonnes of the sweetener i...
India likely to keep lid on sugar exports as output dips
India likely to keep lid on sugar exports as output dips
Source: Reuters
20/01/2023 9:02:36 AM
India 2022/23 sugar output to fall on adverse weather India is likely to produce 34.3 million tonnes of sugar in 2022/23, down 4% from the previous forecast, as sugar cane yields in key producing states fell due to adverse weather, a senior industry official told Reuters. "Excessive rainfall and cloudy weather in September and October curtailed sugar cane's vegetative growth. Cane yields are lower than the last year," Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd, told Reuter...
India 2022/23 sugar output to fall on adverse weather
India 2022/23 sugar output to fall on adverse weather
Source: Accord Fintech
17/01/2023 12:57:32 PM
Uttam Sugar Mills surges on getting nod to increase distillery, cane crushing capacities Uttam Sugar Mills is currently trading at Rs. 315.20, up by 11.35 points or 3.74% from its previous closing of Rs. 303.85 on the BSE. The scrip opened at Rs. 315.90 and has touched a high and low of Rs. 321.50 and Rs. 313.55 respectively. So far 53606 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 337.30 on 22-Apr-2022 and a 52 week low of Rs. 182.00 on 24-Feb-2022. Last one week high and low of the scrip stoo...
Uttam Sugar Mills surges on getting nod to increase distillery, cane crushing capacities
Uttam Sugar Mills surges on getting nod to increase distillery, cane crushing capacities
Source: Accord Fintech
11/01/2023 10:59:02 AM
India`s October 1 - December 15 sugar output touches 8.2 million tonnes India`s October 1 - December 15 sugar output touches 8.2 million tonnes
India`s October 1 - December 15 sugar output touches 8.2 million tonnes
India`s October 1 - December 15 sugar output touches 8.2 million tonnes
Source: Investmentguruindia
19/12/2022 1:48:17 PM
Buy Balrampur Chini For Target Rs.465 - JM Financial Institutional Securities Worst is behind The 1HFY23 performance of Balrampur Chini (BRCM) was impacted by lower spread on sugar (sugar realisation - opening inventory valuation) and seasonality (as seen in Exhibit 1). In contrast, 2HFY23 (especially 4QFY23) will look very strong on account of seasonality. Moreover, FY24 will be a blockbuster year on the back of a) improved sugarcane crushing volume (yield normalisation and increase in area under sugarcane), and b) full ramp-up of distilleries (Maizapur and Balramp...
Buy Balrampur Chini For Target Rs.465 - JM Financial Institutional Securities
Buy Balrampur Chini For Target Rs.465 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
17/12/2022 12:17:11 PM
India would consider allowing additional sugar exports -government official India, the world's biggest sugar producer, would consider allowing additional sugar exports in January after assessing local production, Food Secretary Sanjeev Chopra said on Thursday.
India would consider allowing additional sugar exports -government official
India would consider allowing additional sugar exports -government official
Source: Reuters
16/12/2022 9:23:58 AM
Buy Balrampur Chini Mills Ltd For Target Rs.485 - ICICI Direct High sugarcane availability to bring back growth… About the stock: Balrampur Chini (BCML) is the second largest sugar company with sugar crushing capacity of 77500 TCD, distillery capacity of 560 KLD and cogeneration capacity of 175.7 MW. It will complete its distillery capex of 490 KLD and modernisation, de-bottlenecking of its sugarcane crushing capacity by December 2022, which would take its total distillery capacity to 1050 KLD (35 crore litre). * The company is working on re...
Buy Balrampur Chini Mills Ltd For Target Rs.485 - ICICI Direct
Buy Balrampur Chini Mills Ltd For Target Rs.485 - ICICI Direct
Source: ICICI Direct Ltd
13/12/2022 11:59:50 AM
India`s sugar output set to drop 7%, could crimp exports India's sugar output is likely to fall 7% this year as erratic weather conditions have cut cane yields, which could dampen exports from the world's biggest producer of the sweetener, farmers, millers and traders said. Lower sugar exports from India, also the world's second biggest exporter, could lift global prices and allow rivals Brazil and Thailand to increase their shipments. "The crop was just looking like last year but when we started harvesting we realised that y...
India`s sugar output set to drop 7%, could crimp exports
India`s sugar output set to drop 7%, could crimp exports
Source: Reuters
6/12/2022 9:08:08 AM
Buy Avadh Sugar & Energy Ltd For Target Rs.750 - ICICI Direct Earnings impacted by one-offs; ethanol story intact… About the stock: Avadh Sugar has 31800 TCD sugarcane crushing capacity 325 KLD distillery capacity & 74 MW saleable power capacity. The company produces 6.0 lakh tonnes (lt) of sugar, ~9 crore litre of ethanol & 15 crore units of saleable power * The company has increased its distillery capacity from 240 KLD to 325 KLD with a capex of | 135 crore. This would help it to increase its annual ethanol production to 11 crore ...
Buy Avadh Sugar & Energy Ltd For Target Rs.750 - ICICI Direct
Buy Avadh Sugar & Energy Ltd For Target Rs.750 - ICICI Direct
Source: ICICI Direct Ltd
1/12/2022 1:55:34 PM
Buy Dalmia Bharat Sugar Ltd For Target Rs.490 - ICICI Direct Ethanol volumes, refined sugar exports to boost PAT About the stock: Dalmia Bharat sugar (DBS) is the only sugar company present in UP and Maharashtra. The company has sugar crushing capacity of 39000 TCD (5.5 lakh tonnes pa), distillery capacity of 705 KLD (21 crore litre pa), co-generation capacity of 102 MW & wind power of 16.5 MW (total 30 crore units saleable power). * The company has expanded its distillery capacity from 8.5 crore litre to 21 crore litre. It would further incr...
Buy Dalmia Bharat Sugar Ltd For Target Rs.490 - ICICI Direct
Buy Dalmia Bharat Sugar Ltd For Target Rs.490 - ICICI Direct
Source: ICICI Direct Ltd
30/11/2022 3:06:04 PM
3 snacks to help manage diabetes The number of people with diabetes is rising globally. India itself experienced the greatest increase in numbers over the past few years. The most prevalent type of diabetes is type 2 diabetes mellitus. According to Diabetes Atlas 2021 of the International Diabetes Federation, the estimated number of persons with diabetes in India in the age group of 20-79 was 74.2 mn in 2021 and is likely to increase to 124.9 mn by 2045. Experts say that aside from genetics and family history, the risk fa...
3 snacks to help manage diabetes
3 snacks to help manage diabetes
Source: IANS
16/11/2022 5:44:13 PM
Naturopathy and Yoga to treat Diabetic Neuropathy Diabetic neuropathy refers to nerve damage that is caused by diabetes. Diabetes is an extremely common chronic disease and diabetic neuropathy is one of the most likely conditions to develop as its side effect. In fact, India now has the largest population of people with type 2 diabetes mellitus internationally, with a 10.4 per cent prevalence. Diabetic neuropathy doesn't affect all with diabetes but many do. Nearly 60-70 per cent of people with diabetes can experience some type of dia...
Naturopathy and Yoga to treat Diabetic Neuropathy
Naturopathy and Yoga to treat Diabetic Neuropathy
Source: IANS
12/11/2022 5:17:04 PM
Buy Triveni Engineering Ltd For Target Rs.380 - ICICI Direct Best play in sugar industry… About the stock: Triveni Engineering (TEL) is one of the largest sugar companies in India with sugar crushing capacity of 60,000 TCD, distillery capacity of 660 KLD & co-generation power of 104.5 MW. It also has power transmission & waste water management business contributing 10% to revenues. * The company is increasing its distillery capacity from current 21 crore litre per annum to 31 crore litre per annum by FY25 to utilise B-heavy, grain ...
Buy Triveni Engineering Ltd For Target Rs.380 - ICICI Direct
Buy Triveni Engineering Ltd For Target Rs.380 - ICICI Direct
Source: ICICI Direct Ltd
12/11/2022 12:45:26 PM