Sugar stocks fall as government imposes restrictions on sugar exports

Mumbai: Stocks of sugar companies fell today on the BSE during trading hours on Wednesday after the government announced on Tuesday the imposition of restrictions on sugar exports from June 1.

The government plans to regulate the sugar exports and would allow the export of 10 MT of sugar this season. The mills have already contracted for 9 MT of exports and so far exported 7.8 MT of sugar.

Among the top losers in the sugar stocks were Dwarikesh Sugar Industries, Dalmia Bharat Sugar and Industries, Balrampur Chini Mills, Uttam Sugar, Avadh sugar, and Triveni Engineering & Industries.



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