Lower sugar production estimates are having a positive impact not just on sugar prices but on equities as well.
In the last one month or so, the stock prices of India’s major sugar processing compa-nies such as Balrampur Chini, Dharampur, Dwarikesh and Triveni Engineering have shot up by 15-37%. The increase partly reflects the broader stock market rally in the country, but that is not all. There are other factors that may help explain
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