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Sugar stocks rally after govt ups import duty to 25%

In a bid to provide relief to the sugar industry, the government on Friday decided to increase import duty on the sweetener from 15 percent to 25 percent. The industry which owes Rs 15,000 crore to sugarcane growers, has been demanding an increase of 40 percent.

In a bid to provide relief to the sugar industry, the government on Friday decided to increase import duty on the sweetener from 15 percent to 25 percent. The industry which owes Rs 15,000 crore to sugarcane growers, has been demanding an increase of 40 percent.

At a high level meet in June headed by Union food minister Ram Vilas Paswan, it was decided to raise sugar import duty to 40 percent from the existing 15 percent and provide export subsidy of Rs 3,300 per tonne till September this year. 

Stocks Last Price Change %
Andhra Sugar 155.7 6.2
Bajaj Hind 23.7 1.15
Balrampur Chini 71.2 3.2
Dalmia Sugar 22.2 0.35
DCM Shriram Ind 122.7 1.8
Dhampur Sugar 54 2.75
Dharani Sugars 26.7 1.1
Dwarikesh Sugar 37 2.5
Eastern Sugar 1.7 0.04
EID Parry 197.95 3.3
Jeypore Sugar 90 1.15
KCP Sugar 22.4 1.05
KM Sugar Mills 4.08 0.19
Oudh Sugar Mill 24.7 2.05
Rajshree Sugars 26.2 0.05
Rana Sugars 3.94 0.18
Riga Sugar 13.69 0.43
Sakthi Sugars 19.65 0.8
Shree Renuka 21.3 1.05
Simbhaoli Sugar 16.25 0.75
Sir Shadi Lal 33.6 1.6
Triveni Engg 25.6 1.05

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