Indian Sugar Supplies Rise Amid Rising Crude Oil Rates
Mumbai– Shares of Indian sugar firms experienced a substantial rally on Wednesday, March 4, resisting a wider market slump. The rise was sustained by intensifying crude oil costs, nearing $ 120 per barrel due to heightened tensions in West Asia.
- Secret Gainers: Dhampur Sugar Mills, Dalmia Bharat Sugar, and Dwarikesh Sugar Industries saw gains in between 6 % and 10 %.
- Ethanol Increase: Increasing oil rates are expected to enhance ethanol manufacturing, profiting sugar firms.
- Worldwide Impact: Center East problem interfering with supply, affecting energy markets worldwide.