Export prices have come down by about 3-4% from their peak, after India allowed shipments starting November 5 following a fall in global sugar futures prices. Although the current export prices are still higher than the domestic market prices by 12-13%, millers are in a wait-and-watch mode as there are still five and a half months left to export the allocated quota.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,