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Shares of Indian sugar producers Dhampur Sugar Mills Ltd , Balrampur Chini Mills Ltd, Ugar Sugar Works Ltd, E.I.D-Parry (India) Ltd post gains in range of 3-5 per cent today.
Trade ministry said on Thursday that the country plans to export 2 million tonnes of raw sugar to China from next year
Producers' body Indian Sugar Mills Association and China's state trader COFCO have already signed an initial deal for 15,000 tonnes of sugar, the ministry said
Ugar Sugar posts biggest intraday gain in more than a month, and now trades at volumes nearly 1.9 times its 30-day average.
Ugar Sugar was up 5 per cent, Dhampur Sugar rises 4.2 per cent, Balrampur Chini gained 3.3 per cent, and E.I.D-Parry too was up 4.80 per cent.
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