News

Sugar prices in India have surged nearly 40% over the past two months as lower production tightened supplies, prompting the country to import sugar for the first time in nearly a decade.

The decision is expected to increase sugar availability in the domestic market and ease the supply shortage. Sugar mills have benefited from elevated domestic prices, which boosted revenue realisations. However, higher imports could increase supply and moderate prices, potentially impacting the earnings outlook of sugar producers.

At 11:05 am, shares of Balrampur Chini Mills were down 4.38% at ₹733 on the BSE, while Dalmia Bharat Sugar and Industries fell 2.83% to ₹493. Bajaj Hindusthan Sugar declined 3.80% to ₹22.55, and Shree Renuka Sugars was trading 4.06% lower at ₹25.07 on the BSE.