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<p>Zee Business sources say that the government was considering increasing the minimum support price (MSP) of sugar for 2024-25. The current MSP of sugar is Rs 31/kg, while sugar mills are demanding it to increase to Rs 41/kg. After the development, EID Parry (India) and Bajaj Hindusthan Sugar touched their respective 52-week highs on Thursday.&nbsp;</p>


EID Perry, Shree Renuka Sugars, Balrampur Chini: Sugar stocks trade higher as sources say government is mulling MSP price rise

The Indian government's decision to allow cane juice and molasses for ethanol production triggers a 4% to 7% surge in sugar stocks. Dhampur Sugar Mills leads the rally with a 7% jump, while Balrampur Chini Mills and Shree Renuka Sugars rise over 6%. Learn how this move is set to reshape India's biofuel landscape and boost ethanol production capacity.

Sugar Stocks Surge 7% As Govt Lifts Ban On Sugarcane Juice For Ethanol | Stock Market News