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Sectoral Analysis

Sugar stocks gain on low production estimates(The Hindu Business Line 10th Jan 2008)Sugar stocks are moving up in full steam due to low production estimates for the year. According to a recent report by Kotak Commodities Services Ltd, delay in crushing activity in Maharashtra and Uttar Pradesh has also forced a revision in overall sugar production numbers.
“This delay seems to have taken away almost half million tonne of production of sugar as of now. There were estimates of our country producing close to 30 million tonnes (MT) but now due to the delay we could see a much lesser amount of sugar being produced,” said an analyst. More
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