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Why Dhampur Sugar To Triveni Are On Track To Reap Better Margins
Most sugar stocks are closing in on 52-week highs, having surged 19-104% in the last three months.
26 May 2021, 07:58 AM IST
Shares of Indian sugar companies have surged in anticipation of higher exports as Brazil, the world’s biggest producer of the sweetener, is likely to see output fall yet again.Initial trends from Brazil’s harvest season suggest a lower cane yield due to drought conditions. That would make the global shortage worse, and prices have already started rising. For local sugar producers, that means better margins when domestic demand is on ...
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