Raw sugar imports not needed

A move by sugar mills in Maharashtra, India’s biggest producer, to import at least
1million tonnes (mt) of raw sugar to tide over domestic demand has sharply
divided the industry.India has sufficient stocks of sugar and does not need to
import the sweetener either in raw or white form this crop year, a leading body
said on Friday.

"There is more than sufficient availability of sugar, far beyond the domestic
requirement with sizeable carry forward stocks to the next year," Indian Sugar
Mills Association president Ranjit Puri said in a statement.

3 comments:

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Anonymous said...

Hi,
It’s a well know fact that stock market is affected by elections and now Election 2009 are about to begin in some time so for sure they will also have some sort of impact on Indian stock market.
One can find complete report on Impact of elections on stock market Apart from Elections another major concern for Indian stock market is Inflation. There was a time when we were concerned about rising inflation but now we are conscious about this falling inflation.

So big question is what should day traders and investors do?

Frankly speaking day traders are least concerned about the market they simply follow trend and make maximum out of it. But yes investors should keep there portfolio light till the elections get over.

Please feel free to contact us for any query.


Regards
SHARETIPSINFO TEAM

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Regards
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