Indian sugar stocks rise on signing of export deals

E I D-Parry (India)

04/04/2022 09:27

** Shares of Indian sugar manufacturers gain between 1.5%
and 4.5% as Indian Sugar Mills Association (ISMA) says mills
have signed contracts to export 7.2 million tonnes of sugar in
the 2021/22 marketing year without government subsidies
 urn:newsml:reuters.com:*:nL3N2W213O
    ** Shares of Balrampur Chini  BACH.NS , Dalmia Bharat Sugar
and Industries  DLMI.NS , Triveni Industries  TREI.NS , Dhampur
Sugar Mills  DAMS.NS , Bajaj Hindustan Sugar  BJHN.NS  and
Dwarikesh Sugar Industries  DWAR.NS  rise between 2% and 4.5%
    ** Shree Renuka Sugars  SRES.NS  and E I D-Parry (India) Ltd
 EIDP.NS  gain 1.5% and 2%, respectively
    ** Mills have so far produced 31 million tonnes of sugar in
the current year, up from last year's 27.87 million tonnes, the
trade body says
    ** India may cap exports at around 8 million tonnes in an
effort to prevent domestic prices surging, Reuters had reported
in March  urn:newsml:reuters.com:*:nL3N2VS14C
    ** India is the world's biggest sugar producer after Brazil
    ** India is likely to produce a record 33.3 million tonnes
of sugar in 2021/22, nearly 7% more than a year ago
  

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))