Future

2024

Ethanol

Shree

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<ul> 
 <li>Despite favorable production trends in the Sugar Year 2024, share prices of major sugar manufacturers like Balrampur Chini Mills, Dwarikesh Sugar Industries, Dhampur Sugar Mills, and Shree Renuka Sugar have not seen significant gains.</li> 
 <li>Government restrictions on the diversion of sugar to ethanol production have impacted the earnings outlook for these manufacturers.</li> 
 <li>Analysts at Centrum Stock Broking predict a negative outlook for the sugar sector due to government policies affecting ethanol volumes and increasing sugar production leading to higher inventory levels.</li> 
</ul> 
<p><strong>Explore the dynamics of the sugar industry in 2024, including production trends, government policies, and their impact on major sugar manufacturers’ share prices.</strong></p> 
<h2 id="strong-government-policies-impacting-sugar-manufacturers-strong"><strong>Government Policies Impacting Sugar Manufacturers</strong></h2> 
<p>The government’s efforts to control sugar prices have restricted the significant diversion of sugar to ethanol production. This policy has weighed heavily on the earnings outlook for sugar manufacturers, despite the Sugar Year 2024 showing favorable production trends. As a result, share prices for major manufacturers like Balrampur Chini Mills, Dwarikesh Sugar Industries, Dhampur Sugar Mills, and Shree Renuka Sugar have not seen significant gains.</p> 
<h3 id="strong-sugar-production-trends-in-2024-strong"><strong>Sugar Production Trends in 2024</strong></h3> 
<p>According to data from Centrum Stock Broking, sugar production in the Sugar Year 2024 stood at 31.6 million metric tonnes (MMT), slightly lower than the 32.2 MMT produced in the previous year. The total amount of sugarcane crushed also dropped to 313 MMT, a 4.3% decline from the previous year. This decrease in production is largely due to lower sugarcane availability in the state of Uttar Pradesh. However, an unexpected rise in sugar production from Maharashtra has somewhat compensated for this loss.</p> 
<h3 id="strong-outlook-for-the-sugar-sector-strong"><strong>Outlook for the Sugar Sector</strong></h3> 
<p>Despite the favorable produ... <a href="https://en.coinotag.com/ethanol-market-volatility-impacts-balrampur-chini-triveni-dhampur-others-coining-the-future-of-finance-bc-trv-dmp/">Read the full article for FREE at COINOTAG!</a></p>

Ethanol Market Volatility Impacts Balrampur Chini, Triveni, Dhampur & Others: Coining the Future of Finance (BC, TRV, DMP)

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