/ Sugar Stocks Cautious Ahead Of Cabinet Meeting ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Wednesday, 24 May 2017


The sugar stocks are trading with mixed sentiments before the crucial Cabinet meeting that will decide on the cane prices. The street expects the positive outcome from the meeting as the sugar companies have been giving many presentations to the government officials to explain the linkages between the cane prices and the revenue realisations.

The sugar mills in the country have been reeling under pressure as the cane prices are on the higher side and also the sugar prices are under the control of the government.

The sugar prices in the country are hovering in the range of Rs 42-43 per kg. On the global front, the sugar prices are on the weaker side.

As per the street expectations, the Government is likely to increase the Fair and Remunerative Price (FRP) to Rs 255 per quintal for 2017-18. The FRP stood at Rs 230 per quintal in the year 2016-17 and the basic recovery rate stands at 9.5%.

The higher cane rate will pose difficulty for the states of Maharashtra, Karnataka and Andhra Pradesh.

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