Sugar Stocks Rise 3-4% As Sugar Output Expected To Fall Lowest In 4 Years | Business News | News9

India’s top sugarcane producing state, Maharashtra is likely to witness a 14% dip in sugar output in the 2023/24 crop year, marking it the lowest output in four years due to severe drought in Maharashtra. The reduced output could add to food inflation concerns, however the sugar stocks rallied on the back of the news. Join News9’s Shweta Kothari, Suyash Maheshwari and Krishnakumar decode the impact on stocks with Amit Gupta, Founder of Fintrekk Capital.
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#sugar #sugarcane #inflation #foodinflation #maharashtra