India's sugar stocks, Balrampur Chini Ltd., Dhampur Sugar Ltd., Dwarikesh Sugar Industries Ltd., and their peers gained up to 4% on Monday, November 10, after the government shared some updates with regards to Sugar exports.
The central government has allowed the export of 1.5 million tonnes of Sugar for the 2025-2026 sugar season, according to Food Minister Pralhad Joshi. India's sugar season begins in the month of October. The figure though, is lower than the 2 million tonnes requested by the industry, as per a CNBC-TV18 reported dated October 29.
The request was made by the industry to the central government due to the surplus domestic production this year.
Additionally, the Food Ministry has also decided to remove the 50% export duty on Molasses, which is a by-product of the Sugar

CNBC-TV18

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