If they increase the SAP to very high level…then mills can sabotage samajwadi party prospects (atleast in western UP) by keeping high cane arrears. By now everyone realises that its not the high SAP which wins votes…its the high cane arrears that looses votes.
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Congratulations All …
Finally US Sugar #11 breaches new 52 week high after long awaiting …
Currently at $21.30 … Signalling a new Uptrend … Hopefully 
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Looks like there is a turnaround in the sugar stocks…although all the stocks are expected to rally…the most bullish among the sugar stocks are Dhampur, Dwarikesh, KM Sugar and Upper ganges…Investors are advised to select sugar stocks which have fundamentals and momentum in their favour…
Now is not the time to over analyse things…its time to sit back and relax and enjoy the sugar rally…atleast for another 4-6 weeks…
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yes now popcorn khao mast ho jao. now only analyse after diwali i think we should see the SAP issue or prices coming throu media at that and book profit once and reneter after coorrection…bcoz by that tym stocks would have rallied already waiting for correction and SAP can be the excuse to correct heavily again before stabilising and resuming again
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Sugar futures up 6% @ 22.40 … Phew
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International sugar prices rocketing @22cents up by 7.5%.storming all the resistances .
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http://economictimes.indiatimes.com/markets/stocks/news/sugar-stocks-on-a-high-but-experts-see-limited-upside/articleshow/54374667.cms
PS - invested in dhampur
I feel, we need to have little patience here. No Govt will allow Sugar to skyrocket till 31st Oct. Beyond that things will move up. If you see the articles, ISMA is expecting btween 38-40, the price at which they want to sell, which is just Rs-3-4 up from the current SP.
International Market for Sugar is too high for Import and then sell here. That move will break the backbone of Farmers and govt will not do that
Intenational sugar nearing an important level of 23 cents above which EXPORTS will be viable again…
It closed today again at 4 year HIGH
Regards
Sugar prices stable despite heavy selling by Maharastra mills to meet Govt dead line.
http://epaperbeta.timesofindia.com/Article.aspx?eid=31818&articlexml=Sugar-Prices-Stable-Despite-Heavy-Selling-by-Mills-20092016014038
DEAR ALL …
And the much Awaited US Sugar 11 breaches 23.20 $ …
Some rocket moves expected in Indian Sugar stocks too now …
Regards
MANISH
India will have to import sugar next year, as per this analyst
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Disc.: invested in Oudh & Shakti Sugars
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US Sugar # 11 Futrs hit fresh 4 yrs high of 23.55 Cents. Domestic prices do not witness rise in tandem, due to government price control actions. However, all these attempt bu Indian government will be a short lived one and at last we will follow the actual price discovery due to demand-supply conditions of market. With lots of concerns on production side, supply will remain tight and hence prices will be only inching up slowly. I strongly sense and feel that within next 12-18 months sugar stocks will make their lifetime highs.
Disc: Invested in Dhampur and Balarampur. No trade/ addition in last 4 months.
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Let the SAP declared once which will be before 15th nov …than see the domestic prices shooting…
Sugar retail will cross 50/- in year 2017.
I.e. ex mill of 43-45/- plus.
Sugarcane sowing still down by 8% this season so production going down and consumption increasing every year by 0.5million tonne
So keep tracking and holding sugar stocks.
May be by next diwali i.e. 2017 we will reach wherr sugar co. Will be trading at very high level from here.
According to the first advance estimates for 2016-17 released by the Ministry of Agriculture, sugarcane production is expected to decline to 305.2 mt in 2016-17 as against 352.2mt last year, a decline of 13.3 percent.(Data available on Ministry of Agriculture Website)
Last year sugar production was around 26 million tons…with a decline of 13.3 percent the sugar production for the coming sugar season works out to 22.5 million tons…this is lower than the estimate of 23.5 million tons that is being projected by ISMA…
And if we take the figures being put out by the cooperative mills of Maharashtra about a 50% fall in sugar production…we get a far lower figure of around 21.5 million tons for the coming sugar season.
therefore, 23.5 million tons should be taken only as the best case estimate of sugar production for sugar season 2016-2017…the actuals may be 2-2.5 million tons lower.
Incidentally, today the following sugar stocks are showing signs of turnaround on hourly charts…Balrampur, Dhampur, KCP sugar, Triveni< Uttam sugar and Banari amman.
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@Mehnazfatima hi, sure seems all indicating towards the next rally - do you still peg Balrampur and Dhampur at the top the rack ? in terms of risk vs reward? Thanks