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VERIFIEDET Stocks·positive
Explained: Why Balrampur Chini, Dhampur Sugar, Dalmia Bharat & other sugar stocks are up 12% in 2 days
AI Summary
- ·Domestic sugar prices have increased by 8-10% in the past month, reaching a seven-year high.
- ·Factors contributing to the rally include rising global prices, supply concerns in Brazil and Thailand, and higher ethanol demand.
- ·Expectations of tighter Indian sugar exports are also strengthening the outlook for sugar producers.