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The Economic Times
The Economic Times
Veer Sharma

Sugar stocks Balrampur Chini, Dhampur Sugar, Dalmia Bharat Sugar, others rally up to 7%. Here’s why

Dalmia Bharat Dalmia Bharat Sugar Dhampur Sugar Brazil India Ethanol Balrampur Chini Mills Deficit EID Parry Thailand

Shares of sugar companies including Balrampur Chini Mills, Dhampur Sugar, Dalmia Bharat, Shree Renuka and EID Parry rallied up to 7% after Indian sugar prices rose to Rs 4,400-4,800 per quintal, up 8-10% in the last month, marking a 7-year high.

The rally comes amid a rapid surge in global sugar prices. US raw sugar prices moved above the $15/lb resistance level to $16/lb, while London White Sugar climbed to a 15-month high of more than $500 a tonne.

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