Fundamental Factors Have Become An Additional Concern For Commodity Stocks In The Sugar Sector

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Fundamental factors have become an additional concern for commodity stocks in the sugar sector. Concerns related to record output have kept the stocks in the sugar sector under more pressure. As a result, sugar prices have slumped about 10 per cent from around ₹3,300 per quintal to ₹3,000 per quintal. This has dragged the stocks of Balrampur Chini Mills and Bajaj Hindusthan Sugar by 45 per cent and 37 per cent, respectively.

SOURCEThe Hindu Business Line

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