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

Business Standard LogoBusiness Standard9h ago

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.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-18 @ 13:10:14 (9 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 802 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 29 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 27139821

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 268 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publisher ID: #49

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