Sugar stocks down in India on production worries
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India‘s sugar production has seen a decline compared to last year.As of January 15, 2024, the current marketing year’s sugar production reached 149.52 lakh tons, a drop from 157.87 lakh tons during the same period in the previous year.This decrease has negatively impacted the stock prices of major sugar companies.Shares of Shree Renuka Sugars, Balrampur Chini Mills, Bajaj Hindusthan Sugar, Dalmia Sugar, Dhampur Sugar, and DCM Shriram Industries were down up to 4%.
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