Sugar stocks are confusing at this point, but the fact is that clarity will come at the moment when the government announces it decision, said Kunal Shah of Nirmal Bang Commodities
After the government’s decision, you can take a convincing call that where the sugar is heading, Shah said.
тАЬUnder the current fundamentals it doesnтАЩt seem that the sugar prices are going to move up under any circumstances and even international sugar prices look very weak,тАЭ he added.
тАЬAt this juncture much depends upon what the government is giving to the ailing industry and what is the impact of that on the sugar prices that needs to be seen.тАЭ
