Sugar stocks rally up to 7% as global futures hit 19-month high: What it means for India
Indian sugar stocks rallied on October 6 as global sugar futures climbed more than 4% to a 19-month high, supported by weather-related supply concerns, currency movements in Brazil, and short-covering. Drought and weak monsoons may limit India’s output to 28–29 million tonnes, while a global deficit forecast adds pressure.