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Why India’s extended sugar export curbs may not cause immediate price crash
Date: 19 Oct 2023
Source: Money Control
Reporter:
News ID: 57068
Pdf:
Nlink: rol.com/news/business/markets/why-indias-extended-sugar-export-curbs-may-not-cause-immediate-price-crash-11563431.html

              The central government has extended export curbs on all varieties of sugar beyond October 31, in a bid to protect domestic supplies and calm inflated prices in the run-up to 2024 elections. However, the measure may not break the sugar price rally immediately as the production is already at low levels. Instead, the move could churn out better realisations for sugar mill companies, offsetting any drop in exports, said analysts. “Domestic sugar prices are currently ruling at Rs 37-38 per...

 
 
  

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