Sugar stocks surge up to 20% on drop in production, muted recovery

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Sugar stocks surge up to 20% on drop in production, muted recovery - Business Standard

Quick Summary:

In Q4FY25TD, sugar prices in key states are up ~7-9 per cent QoQ; as a result, sugar division profitability is likely to remain robust in Q4FY25, according to JM Financial Institutional Equities.

Meanwhile, the National Federation of Cooperative Sugar Factories (NFCSF) has projected the country's total sugar output to be lower at 25.9 million tonnes in the ongoing 2024-25 season, compared to 31.9 million tonnes in the previous season.

This is a significant drop and deviation from the figures issued by India Sugar Mills Association (ISMA), another industry body whose first estimate for the season was 27.22 million tonnes.