Sugar stocks rise on Maharashtra output concerns ...Middle East

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Sugar stocks rise on Maharashtra output concerns
New Delhi: Sugar stocks, such as those of Dalmia Bharat Sugar, Balrampur Chini Mills, Triveni Engineering, Dwarikesh Sugar, and Shree Renuka rose on Thursday as a result of authorities reducing their projection for Maharashtra’s output in crop year 2023–2024 by 14%, making it the lowest in four years, a market research analyst said. Moreover one-third of India’s sugar production is produced byMaharashtra, which will produce just 9 million metric tonnes of sugar in the season that starts on October 1 in 2023/24, down from 10.5 million tonnes in 2022-23. This can cause sugar prices to increase on both the domestic and international markets and fueled optimism in sugar stocks, Vaibhav Vidwani,

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