Balarampur Chini, Avadh Sugar and other sugar stocks rally up to 8% as govt to consider MSP, ethanol price hike

Sugar stocks surged up to 8% following Food Minister Pralhad Joshi’s announcement that the government is considering increasing ethanol prices and raising the minimum selling price of sugar. The rally was led by Balarampur Chini, which rose 8%. The minister also mentioned that a decision on sugar exports would depend on production estimates for the upcoming season.

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