This positive trend in sugar company stocks follows recent government orders mandating the disclosure of sugar stock positions for traders, wholesalers, retailers, big chain retailers, and sugar processors. This measure aims to proactively address hoarding and speculative practices in the sugar market.
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India s food secretary has dismissed rumors of an impending sugar shortage, stating that there is currently enough supply to meet the country s consumption needs for three and a half months. Concerns had arisen about low sugar production in India, the world s second-largest sugar producer, leading to potential price spikes and export bans. Sugar companies shares rose following reports of a possible drop in production in Maharashtra.