Balrampur Chini, EID Parry and Shree Renuka Sugars jump as much as 9% as raw sugar hits 18-month high
AI Market Summary
Global raw sugar prices hit an 18-month high after a ~4% daily jump, driven by tightening supply expectations: StoneX flags a potential 900k-ton deficit, Thailand output seen -17%, EU beet crops -19%, and Brazil's harvest disrupted by heavy rain. The move supports near-term earnings sentiment for sugar producers, lifting Indian sugar equities into the festive season and reinforcing the broader soft-commodity inflation narrative.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT+0.62%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Shares of Indian sugar companies including Balrampur Chini, Dalmia Bharat Sugar and EID Parry climbed on Tuesday, rising as much as 9%, after global raw sugar prices surged about 4% in a single day. The price move took raw sugar to an 18-month high, lifting the near-term outlook for domestic producers. Supply concerns have intensified as Thailand’s sugar output is expected to fall 17% to below 10 million tonnes.
