there was no reason for sugar stocks to fall as this notification will have no impact on sugar prices. Sugar companies were anyway not using B-Heavy route this year due to:
- high sugar prices. wholesale sugar prices have reached Rs 42 in Delhi.
- levy molasses for B-heavy and C-heavy is same and so B Heavy was leading to loss for sugar cos.
Many sugar companies are already using grain/ maize where ever possible. In some cases ethanol plants are idle and all cane is going for sugar production.
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