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The Financial Express

Dhampur Sugar Mills jumps over 7% as ICE raw sugar hits 20.81 cents per lb, a 19-month high

AI Market Summary
Global sugar prices rose as ICE raw sugar futures hit a 19-month high amid a stronger Brazilian real, weather-related disruptions, and the International Sugar Organisation's projected 200,000-tonne global deficit. In India, drought declarations and monsoon shortfalls heighten risks of output near consumption levels, lifting domestic prices and supporting sugar equities. Near-term focus shifts to supply conditions as the crushing season starts and potential government quota adjustments.
Impact level
● Medium
Affected assets
NCCO724COPPER2USD/USDT-0.99%
AI Insight · NCCO724COPPER2USD/USDTAI Insight
▲ Bullish
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Indian sugar stocks rose on October 6, led by Dhampur Sugar Mills up over 7% and Shree Renuka Sugars up over 4%. ICE raw sugar futures climbed above 20.81 cents per pound on Monday, the highest level in more than 19 months. The International Sugar Organisation last month forecast a global deficit of 200,000 tonnes for the 2026-27 sugar season.
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