Sugar stocks soar up to 20% as govt lifts ethanol curbs

Sugar stocks witnessed a surge following the central government’s decision to remove restrictions on ethanol production from sugarcane. This move has boosted investor confidence in sugar companies. Analysts anticipate improved profitability and a potential rise in ethanol prices. The Supreme Court’s stance on ethanol-blended petrol further supports the demand for ethanol. Rajshree Sugars and Shree Renuka Sugars experienced significant gains.

More To Explore

Asian stocks tread water at the start of Fed week

Asian stocks opened cautiously as traders assessed strained China-Japan relations and upcoming central bank decisions. Investor caution grew regarding the AI rally’s sustainability, with markets