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.
“Under the current fundamentals it doesn’t seem that the sugar prices are going to move up under any circumstances and even international sugar prices look very weak,” he added.
“At 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.”
