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You are here : IndiaNotes >> Research & Analysis >> Industries >> Sugar >> Research

Sweetness Spreads in the Sugar Sector

Dynamic Equities Pvt Ltd | 26 Dec, 2016  | Follow Author | Add to my Favourites 
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Sugar Sector saw a huge rise since the morning. The major sugar producers such as Uper Ganges Sugar, Oudh Sugar, Dwarikesh Sugar, Dalmia Bharat Sugar, KCP Sugar, Sakthi Sugar, Balrampur Chini etc were seen riding this sectoral growth.


According to a latest update, India is likely to produce surplus sugar in the period of 2017/18 as farmers have increased sugarcane growing area, said a leading industry body on Monday.


On the other hand, the country is likely to produce about 23.4 million tonnes of sugar during 2016/17, down around 7 per cent from a year ago as back to back droughts ravaged the crop in top-producing western state of Maharashtra.


The biggest consumer of sugar in the world is very unlikely to import the sweetener in the 2016/17 marketing year that started on 1st Oct, as the country have ample carry forward stocks from the last year, Abinash Verma, director general of the Indian Sugar Mills Association told reporters on the sidelines of a conference.


The fact that the country might become self dependent in production-consumption ratio was reflected very highly in the sector and it reacted positively.


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About Dynamic Equities Pvt Ltd

Dynamic Equities Pvt. Ltd. is a a SEBI Registered Investment Advisor and Stock Broker, a leading financial services provider, and one of the major players in the Equity markets in India. With an experience of over 15+ years in Stock Markets and Equity Research, they provide daily updated Support & Resistance of 4200 instruments across 93 exchanges and 56 countries globally. They have an in-house team of over 25 analysts. Under the guidance and mentorship of Mr. Shailesh Saraf, MD of Dynamic Equities Pvt. Ltd., these analysts are dedicately involved in guiding their clients and users of the website www.dynamiclevels.com for trading in the market. Mr. Shailesh Saraf has an experience of over 24 years in the financial market, especially in capital & derivatives market operations, trading, research and management related areas. Dynamic Levels is a website owned by Dynamic Equities Pvt. Ltd. The website can be reached at www.dynamiclevels.com.


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