All sugar companies are facing same issue of carrying stocks… but once exports are allowed share prices will go up… most likely in june exports will be allowed once domestic demand comes down. also elections will be over by then…
Domestic quotas are also about 10% higher than last year so stocks will come down… inspite of 10% higher quota wholesale prices are high – demand must be much higher.
Per capita consumption of sugar in India is only 20 kg against world average of 24 kg (developed countries >30kg). Going forward demand of sugar will increase.
It is just wait and watch for the sector.
Next year sugarcane output is likely to be higher then ethanol will also be allowed…
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