Friday, June 1, 2018

Sugar Sector Update

Cultivation of Sugercane has incresed to 4.87 million hectarers than 4.79 million hectarers in 2017. Farmers are having Rs. 200 Billion delayed payments from the mills for the current harvest.Next marketing year will start  with carry forward stocks of 11 million tonnes .Govt's support to export Sugar to Internation market is being questioned by Brazil & Australia in for violation of WTO restrictions.All these will have negative Impact on the Sugar Stocks.
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