Mumbai/IBNS-CMEDIA: Sugar stocks opened lower on Thursday after the central government banned sugar exports till September 30, 2026, triggering a selloff across the sector, media reports said.
Sugar stocks under pressure
Shares of major sugar companies witnessed sharp declines in early trade following the announcement.
Balrampur Chini Mills, Dhampur Sugar Mills, Uttam Sugar Mills and Dwarikesh Sugar Industries fell over 3 percent each, while Bajaj Hindusthan Sugar tanked more than 2 percent.
Bannari Amman Sugars slipped over 1 percent, while EID Parry India, Triveni Engineering and Industries, and Shree Renuka Sugars registered marginal losses.
Dalmia Bharat Sugar declined 1.65 percent to Rs 360, while Avadh Sugar & Energy dipped 0.79 percent to Rs 482.30.
Government clamps down on exports
The government imposed the export ban with immediate effect in a bid to ensure adequate domestic availability of sugar and keep retail prices under control amid rising concerns over supply and inflation.
