Balrampur Chini shares traded with gains of 5.15%, surging to their day’s high of Rs 455.25 on the BSE, while Dhampur Sugar Mills surged 6.4% to Rs 140.85. Shree Renuka Sugars shares zoomed 6.6% to their high of Rs 29.69.
Meanwhile, the shares of Mawana Sugars and Dwarikesh Sugar also saw gains in the range of 1% to 4%.
According to a CNBC-TV18 report, the central government has cleared the export of 1.5 million tonnes of sugar for the 2025–2026 season, a move announced by Food Minister Pralhad Joshi. India’s sugar season begins in October.
However, the approved volume is lower than the 2 million tonnes that the industry had initially requested, as reported by CNBC-TV18 on October 29. The request had been made on the back of surplus domestic sugar production this year.
In a parallel move to improve mill liquidity and expedite farmer payments, the Food Ministry has also removed the 50% export duty on molasses, a by-product of sugar production, as per a PTI report. This change is expected to aid sugar mills in managing cash flows and support timely cane procurement.Madhav Shriram, Director at DCM Shriram Industries, noted that sugar continues to be treated as a sensitive product and is typically negotiated separately in Free Trade Agreements (FTAs). He also stated that the industry has conveyed concerns around the disadvantages faced by Indian sugar exports and has urged the government to secure better access in global markets.Shriram further highlighted that India’s early achievement of 20% ethanol blending, five years ahead of its scheduled target, has attracted global interest. The sector now aims to expand ethanol production as a means to absorb the surplus sugar stock.
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