Indian sugar stocks fall on likely export cap

E I D-Parry (India)

30/01/2023 06:59

** Shares of Indian sugar manufacturers fall between 2% and
7.5%, after Reuters reported that Indian sugar mills are set to
close early after rain hit cane supply
    ** The western state of Maharashtra, which accounts for more
than a third of the country's sugar output, could see lower
output that could prevent additional exports
    ** Shares of Dalmia Bharat Sugar and Industries  DLMI.NS ,
Triveni Industries  TREI.NS , Dhampur Sugar Mills  DAMS.NS  fall
between 1% and 3%
    ** E I D-Parry (India) Ltd  EIDP.NS  fall 7.3%
    ** India is the world's biggest sugar producer after Brazil
    ** India mainly exports sugar to Indonesia, Bangladesh,
Malaysia, Sudan, Somalia and the United Arab Emirates
 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))